Inside The Crisis: An Empirical Analysis Of Banking Systems In Distress
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Originally published | August 2000 |
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ID | 2180162 |
About Inside The Crisis: An Empirical Analysis Of Banking Systems In Distress
Contemporary banking crises are not accompanied by declines in aggregate bank deposits, and credit does not fall relative to output, but the growth of both deposits and credit does slow down substantially. Output recovery begins the second year after the crisis and is not led by a resumption of credit growth. . . .