How Effective is Fiscal Policy Response in Systemic Banking Crises? /
This paper studies the effects of fiscal policy response in 118 episodes of systemic banking crisis in advanced and emerging market countries during 1980-2008. It finds that timely countercyclical fiscal measures contribute to shortening the length of crisis episodes by stimulating aggregate demand....
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| Kolejni autorzy: | , |
| Format: | Czasopismo |
| Język: | English |
| Wydane: |
Washington, D.C. :
International Monetary Fund,
2009.
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| Seria: | IMF Working Papers; Working Paper ;
No. 2009/160 |
| Dostęp online: | Full text available on IMF |