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Permanent Capital Losses after Banking Crises

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NBER2025-09-01 更新2025-10-04 收录
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https://www.nber.org/papers/w34288
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We study the mechanisms driving bank losses across historical banking crises in 46 economies and the effectiveness of policy interventions in restoring bank capitalization. We find that bank stocks experience large, permanent declines at the onset of crises. These losses predict commensurate long
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2025-09-01
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