The Economic and Fiscal Consequences of Financial Crises

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.

Bibliographic Details
Main Author: Reinhart, Carmen M.
Format: Journal Article
Published: World Bank 2012
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
id okr-10986-4596
recordtype oai_dc
spelling okr-10986-45962021-04-23T14:02:18Z The Economic and Fiscal Consequences of Financial Crises Reinhart, Carmen M. 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 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. 2012-03-30T07:12:41Z 2012-03-30T07:12:41Z 2009-12-01 Journal Article Development Outreach 1020-797X http://hdl.handle.net/10986/4596 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank Journal Article Fiji Indonesia Argentina
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
topic 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
spellingShingle 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
Reinhart, Carmen M.
The Economic and Fiscal Consequences of Financial Crises
geographic_facet Fiji
Indonesia
Argentina
description 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.
format Journal Article
author Reinhart, Carmen M.
author_facet Reinhart, Carmen M.
author_sort Reinhart, Carmen M.
title The Economic and Fiscal Consequences of Financial Crises
title_short The Economic and Fiscal Consequences of Financial Crises
title_full The Economic and Fiscal Consequences of Financial Crises
title_fullStr The Economic and Fiscal Consequences of Financial Crises
title_full_unstemmed The Economic and Fiscal Consequences of Financial Crises
title_sort economic and fiscal consequences of financial crises
publisher World Bank
publishDate 2012
url http://hdl.handle.net/10986/4596
_version_ 1764392054054453248

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