Rocha, Bruno; Solomou, Solomos - Faculty of Economics, University of Cambridge - 2015
This paper examines the time-profile of the impact of systemic banking crises on GDP and industrial production using a … that banking crises have effects that induce medium-term adjustments on economies. Focusing on an eight-year horizon, it is … clear that the negative effects of systemic banking crises last over the entirety of this time-horizon. The effect has been …