[lbo-talk] IMF on banking crisis solutions

Doug Henwood dhenwood at panix.com
Sun Sep 28 06:16:16 PDT 2008


On Sep 28, 2008, at 2:31 AM, Joanna wrote:


> Interesting...
> http://www.nakedcapitalism.com/2008/09/new-imf-study-of-banking-crises.html


> I've only skimmed it

Standards these days...

Anyway, a quote from the IMF:


> There appears to be a negative correlation between output losses and
> fiscal costs, suggesting that the cost of a crisis is paid either
> through fiscal costs or larger output losses.

So much for the "no bailout" position.

Doug



More information about the lbo-talk mailing list