Controlling the fiscal costs of banking crises (English)

In recent decades, a majority of countries have experienced a systemic banking crisis requiring a major-and expensive-overhaul of their banking system. Not only do banking crises hit the budget with outlays that must be absorbed by higher taxes (or spending cuts), but they are costly in terms of forgone economic output. Many different policy recommendations have been made for limiting the cost of crises, but there has been little systematic effort...
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Citation

Honohan,Patrick Thomas; Klingebiel,Daniela M. H..

Controlling the fiscal costs of banking crises (English). Policy, Research working paper ; no. WPS 2441 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/109971468741329122

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