{
  "title": "Where Danger Lurks",
  "publication": "IMF Blog, September 22, 2014",
  "sourceUrl": "https://www.imf.org/en/blogs/articles/2014/09/22/where-danger-lurks",
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  "summary": "Article title: \"Where Danger Lurks\"",
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    {
      "heading": "Overview",
      "content": "- Article title: \"Where Danger Lurks\"\n- Publication date: September 22, 2014\n- Author referenced: Olivier Blanchard, IMF’s chief economist\n- Publication outlet: Finance & Development Magazine\n- Central topics: small shocks, sudden stops, and liquidity"
    },
    {
      "heading": "Substantive findings and themes",
      "content": "- The article examines \"dark corners\" of the financial crisis—situations in which the economy could badly malfunction.\n- Focus on how small shocks can trigger large adverse outcomes through sudden stops and liquidity problems.\n- Emphasis that the financial system and the economy were more vulnerable than previously believed."
    },
    {
      "heading": "Key quote (author's assessment)",
      "content": "- “We all knew that there were ‘dark corners’ — situations in which the economy could badly malfunction,” Blanchard said. “The main lesson of the crisis is that we were much closer to those dark corners than we thought — and the corners were even darker than we had thought too.\"\n\nSource: IMF blog landing page \"Where Danger Lurks\", September 22, 2014\n\n---\n\n\n References\n\n- Olivier Blanchard\n- Where Danger Lurks’\n- Finance & Development\n\nSource: https://www.imf.org/en/blogs/articles/2014/09/22/where-danger-lurks"
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    "Published: September 22, 2014",
    "Article title: \"Where Danger Lurks\"",
    "Publication date: September 22, 2014",
    "Author referenced: Olivier Blanchard, IMF’s chief economist",
    "Publication outlet: Finance & Development Magazine",
    "Central topics: small shocks, sudden stops, and liquidity",
    "The article examines \"dark corners\" of the financial crisis—situations in which the economy could badly malfunction.",
    "Focus on how small shocks can trigger large adverse outcomes through sudden stops and liquidity problems.",
    "Emphasis that the financial system and the economy were more vulnerable than previously believed.",
    "“We all knew that there were ‘dark corners’ — situations in which the economy could badly malfunction,” Blanchard said. “The main lesson of the crisis is that we were much closer to those dark corners than we thought — and the corners were even darker than we had thought too.\"",
    "[Olivier Blanchard](http://blogs.imf.org/bloggers/olivier-blanchard/)",
    "[Where Danger Lurks’](http://www.imf.org/external/pubs/ft/fandd/2014/09/blanchard.htm)",
    "[Finance & Development](https://www.imf.org/en/blogs/articles/2014/09/22/www.imf.org/fandd)"
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