The Economic and Fiscal Consequences of Financial Crises
The Ds: Sharp economic downturns follow banking crises; with government revenues falling, fiscal deficits worsen; deficits lead to debt; as debts pile up rating downgrades follow. For the most fortunate countries it does not end in default.
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| Format: | Journal Article biblioteca |
| Published: |
World Bank
2009-12-01
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| Subjects: | banking crises, banking crisis, debt, debts, emerging market, emerging markets, financial crises, financial crisis, financial markets, fiscal deficit, fiscal deficits, foreign capital, government debt, government finances, government revenues, market economies, post-crisis period, public debt, sovereign risk, tax, |
| Online Access: | http://hdl.handle.net/10986/4596 |
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