Responding to Banking Crises: Lessons from Cross-Country Evidence

WP/10/18

Responding to Banking Crises: Lessons from Cross-Country Evidence
A common legacy of banking crises is a large increase in government debt, as fiscal resources are used to shore up the banking system. Do crisis response strategies that commit more fiscal resources lower the economic costs of crises? Based on evidence from a sample of 40 banking crises we find that the answer is negative. In fact, policies that... READ MORE...

Publication date: January 2010
ISBN 9781451962239
$18.00

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Publication date: January 2010

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Publication date: January 2010

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