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This paper studies the effects of fiscal policy response in 118 episodes of systemic banking crisis in advanced and emerging market countries during 1980-2008. It finds that timely countercyclical fiscal measures contribute to shortening the length of crisis episodes by stimulating aggregate...
Persistent link: https://www.econbiz.de/10012677822
Persistent link: https://www.econbiz.de/10009406830
Persistent link: https://www.econbiz.de/10001654423