Must-Read: Manuel Funke, Moritz Schularick, and Christoph Trebesch: The Political Aftermath of financial Crises: Going to Extremes: "Far-right parties are the biggest beneficiaries...

...of financial crises, while the fractionalisation of parliaments complicates post-crisis governance. These effects are not observed following normal recessions or severe non-financial macroeconomic shocks.

http://www.voxeu.org/article/political-aftermath-financial-crises-going-extremes

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