Barrell, Ray (contributor); Davis, E. Philip (contributor); … - 2004 - [Elektronische Ressource]
banking or currency crisis on consumption.
We show that consumption plays an important role in the macroeconomic adjustment …. A simulation for a banking crisis underlines the important role
of monetary and fiscal policy in easing the impact of a … recent years, the results
imply that a banking crisis taking place now could have a greater incidence than in the past …