Series: IMF Working Papers
Author(s): Sanjeev Gupta , Carlos Mulas-Granados , and Emanuele Baldacci
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2009
Keywords: banking, banking crises, tax revenue, General Financial Markets: Government Policy and Regulation, Fiscal Policies and Behavior of Economic Agents: General, National Government Expenditures and Related Policies: General,
This paper studies the effects of fiscal policy response in 118 episodes of systemic banking crisis in advanced and emerging market countries during 1980-2008. It finds that timely countercyclical fiscal measures c...