How Effective is Fiscal Policy Response in Systemic Banking Crises?

How Effective is Fiscal Policy Response in Systemic Banking Crises?
This paper studies the effects of fiscal policy response in 118 episodes of systemic banking crisis in advanced and emerging market countries during 1980-2008. It finds that timely countercyclical fiscal measures contribute to shortening the length of crisis episodes by stimulating aggregate demand. Fiscal expansions that rely mostly on measures... READ MORE...

Publication date: July 2009
ISBN 9781451873078
$18.00

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