Hüttl, Pia; Schoenmaker, Dirk - 2016
During the global financial crisis and subsequent euro-debt crisis, the fiscal resources of some countries appeared to … suggest that large countries, such as the United States, China and Japan, can still provide credible fiscal backstops to their … large systemic banks. In the euro area, the potential fiscal costs are unevenly distributed and range from 4 to 12 percent …