Title

Can Good Events Lead to Bad Outcomes? Endogenous Banking Crises and Fiscal Policy Responses

Andrew Feltenstein and CĂ©line Rochon

Can Good Events Lead to Bad Outcomes? Endogenous Banking Crises and Fiscal Policy Responses

A study of the impact of labor market restructuring and foreign direct investment on the banking sector, using a dynamic general equilibrium model with a financial sector. Numerical simulations are performed using stylized Chinese data, and bank failures are generated through increases in the...
Topics: 
Economy
Keywords: 
Banking