The Economic and Fiscal Consequences of Financial Crises

Reinhart, Carmen M.

World Bank

关键词: banking crises;    banking crisis;    debt;    debts;    emerging market;   

DOI  :  10.1596/1020-797X_11_3_8
RP-ID  :  3

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

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.