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December 27, 2016

Accounting for the Business Cycle Reduces the Estimated Losses from Systemic Banking Crises

Publication

We re-estimate the e ffects of systemic banking crises in industrialised countries reported by Cerra and Saxena with a model that includes transitory business cycle shocks.

January 12, 2016

Credit Supply Shocks in the Netherlands

Publication

This study looks at the effects of credit supply shocks in the Netherlands and provides estimates of how important credit supply disturbances have been for explaining the recent disappointing economic growth.

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