In this paper, we revisit the question to what extent bank bailouts affect economic growth. We adopt a broad concept of … positive impact of liquidity support is driven by crises where central bank liquidity injections are accompanied by … recapitalizations of the banking system. Employing bank-level data, we provide evidence that this is the case because better capitalized …

intermediaries and economies around the world. This volume addresses the twin objectives of financial development in the context of …