Bernauer, Thomas; Koubi, Vally - In: Business and Politics 6 (2004) 2, pp. 1091-1091
Restrictive policies aimed at reducing the likelihood of bank failure during recessions tend to increase the probability of a credit crunch. In this paper we infer governments' policy responses to this dilemma by studying the cyclical behavior of bank capital in 1369 banks from 28 OECD countries...