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- W2799690848 abstract "Summary It is known that banking crises produce large economic costs. Yet might their consequences be even more far‐reaching? We investigate an issue as yet largely unexplored and provide some of the first evidence that banking crises also lead to major, widespread, and lasting psychological losses. We estimate the costs of banking crises with individual life satisfaction; we show that these extend beyond GDP declines and other macroeconomic and financial leakages. For the 2007‐8 financial crisis, we find some evidence that the losses are larger for those countries that had previously experienced a credit boom." @default.
- W2799690848 created "2018-05-17" @default.
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- W2799690848 date "2018-04-20" @default.
- W2799690848 modified "2023-09-27" @default.
- W2799690848 title "The Cost of Banking Crises: New Evidence from Life Satisfaction Data" @default.
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- W2799690848 doi "https://doi.org/10.1111/kykl.12170" @default.
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