| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w15379 |
| 来源ID | Working Paper 15379 |
| Financial Crises and Economic Activity | |
| Stephen G. Cecchetti; Marion Kohler; Christian Upper | |
| 发表日期 | 2009-09-24 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | We study the output costs of 40 systemic banking crises since 1980. Most, but not all, crises in our sample coincide with a sharp contraction in output from which it took several years to recover. Our main findings are as follows. First, the current financial crisis is unlike any others in terms of a wide range of economic factors. Second, the output losses of past banking crises were higher when they were accompanied by a currency crisis or when growth was low at the onset of the crisis. When accompanied by a sovereign debt default, a systemic banking crisis was less costly. And, third, there is a tendency for systemic banking crises to have lasting negative output effects. |
| 主题 | Macroeconomics ; Business Cycles ; Money and Interest Rates ; Financial Economics |
| URL | https://www.nber.org/papers/w15379 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/573054 |
| 推荐引用方式 GB/T 7714 | Stephen G. Cecchetti,Marion Kohler,Christian Upper. Financial Crises and Economic Activity. 2009. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w15379.pdf（293KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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