| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5088746 | Journal of Banking & Finance | 2015 | 20 Pages |
Abstract
A central policy implication of the analysis is that the vaguest is bailout policy prior to a crisis, the lower is the magnitude of investments destroyed or missed due to errors in evaluating bailout and other intervention policies. On the other hand, the clearer is bailout policy upon the eruption of a crisis, the smaller the contraction of credit and the destruction of investment activity.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Alex Cukierman, Yehuda Izhakian,