Barrell, Ray (contributor); Davis, E. Philip (contributor); … - 2004 - [Elektronische Ressource]
banking or currency crisis on consumption.
We show that consumption plays an important role in the macroeconomic adjustment … developed countries, 4.5% with a banking crisis only and 16% when there is a currency crisis as
well as a banking crisis ….
4
Defined as cases where a currency crisis occurs within the period of the banking crisis.
5
As noted, most measures …