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CPB | Economic Policy Analysis

Publications

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Author

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December 27, 2016

Accounting for the Business Cycle Reduces the Estimated Losses from Systemic Banking Crises
Download Accounting for the Business Cycle Reduces the Estimated Losses from Systemic Banking Crises, Pdf, 1.4 MB
Accounting for the Business Cycle Reduces the Estimated Losses from Systemic Banking Crises, Pdf, 1.4 MB

We re-estimate the e ffects of systemic banking crises in industrialised countries reported by Cerra and Saxena with a model that includes transitory business cycle shocks. →