Farmer, Karl; Schelnast, Matthias - In: International Advances in Economic Research 19 (2013) 2, pp. 167-188
Financial crises accompanied by banking crises often entail heavy fiscal legacies. For the U.S., for example, the gross government debt to GDP ratio exceeded 100 % in 2012. Due to the unsustainability of public debt, both in the U.S. and in other advanced countries, moves towards a substantial...
