The Consequences of Banking Crises for Public Debt
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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The aim of this paper is to assess the consequences of banking crises for public debt. Using an unbalanced panel of 154 countries from 1980 to 2006, the paper shows that banking crises are associated with a significant and long-lasting increase in government debt. The effect is a function of the severity of the crisis. In particular, for severe...
