Oviedo, Pedro Marcelo; Sikdar, Shiva - Iowa State University of Science and Technology <Ames, … - 2008
banking crises. We analyze the Ramsey-optimal paths of bankrecapitalization programs that weigh recapitalization benets and … banks are nancial intermediaries that borrow from households and lend to rms.A banking crisis produces a disruption of … credit and a fall in output equivalent to those indeveloping countries aected by banking crises. Full recapitalization of the …