Dekle, Robert (contributor); Kletzer, Kenneth (contributor) - 2004
deposit insurance liability of the government is a public
debt held by the banks. The assets of the banking sector, which are … contrasts with bonds
or other forms of public debt issued by the treasury. The deposit insurance liability of the government is … with respect to T and τ shows that τ, and public debt, b
T
,are
increasing in T. The long-run growth rate,
�y
y
=
�
k
k …