Series: IMF Working Papers
Author(s): Giovanni Dell'Ariccia , Raghuram Rajan , and Enrica Detragiache
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2005
Keywords: bank lending channel, banking, banking crisis, currency crisis, bank lending, Financial Markets and the Macroeconomy,
Banking crises are usually followed by a decline in credit and growth. Is this because crises tend to take place during economic downturns, or do banking sector problems have independent negative effects on the eco...