Barrell, Ray (contributor); Davis, E. Philip (contributor); … - 2004 - [Elektronische Ressource]
crises
Whereas there are many studies which estimate the causal factors underlying financial instability (such as
Demirguc …, Eschenbach and Schuknecht (2002) suggest fiscal costs can be
as high as 50% of GDP.
Most studies of output losses due to … financing in a recession following a banking crisis with a comparable event
without one. Their approach was to introduce dummy …