Ebook Download What’S the Damage? Medium-Term Output Dynamics After Banking Crises
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What’S the Damage? Medium-Term Output Dynamics After Banking Crises
By:Mr. Abdul Abiad,Petya Koeva Brooks,Irina Tytell,Mr. Daniel Leigh,Ravi Balakrishnan
Published on 2009-11-01 by International Monetary Fund

This paper investigates the medium-term behavior of output following banking crises, and its association with pre- and post-crisis conditions and policies. We find that output tends to be depressed substantially following banking crises, with no rebound to the precrisis trend. However, growth does eventually tend to return to its precrisis rate, with substantial crosscountry variation in outcomes. The depressed path of output typically results from reductions of roughly equal proportions in the employment rate, the capital-to-labor ratio, and total factor productivity. Initial conditions that are strongly associated with medium-run output losses include the short-run change in output, the occurrence of a joint banking-and-currency crisis, and a high precrisis level of investment. Short-run fiscal and monetary stimulus is associated with smaller medium-run deviations of output and growth from the precrisis trend.
This Book was ranked at 32 by Google Books for keyword Currency crisis.
Book ID of What’S the Damage? Medium-Term Output Dynamics After Banking Crises's Books is GCemibSENfwC, Book which was written byMr. Abdul Abiad,Petya Koeva Brooks,Irina Tytell,Mr. Daniel Leigh,Ravi Balakrishnanhave ETAG "/Al7GKtte7Q"
Book which was published by International Monetary Fund since 2009-11-01 have ISBNs, ISBN 13 Code is 9781451984217 and ISBN 10 Code is 1451984219
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