Gersbach, Hans; Wenzelburger, Jan - In: CESifo economic studies : CESifo, a joint initiative of … 49 (2003) 2, pp. 233-258
This paper provides a macroeconomic perspective for government interventions in banking crises. Such crises occur when a large number of banks fall to meet capital requirements or are insolvent. Using a macroeconomic model with financial intermediation, our analysis suggests that strict...
