Fiscal sustainability and the financial cycle
beSpacific 2016-03-24
Summary:
Bank for International Settlements – Working Paper – Fiscal sustainability and the financial cycle by Claudio Borio, Marco Jacopo Lombardi and Fabrizio Zampolli, Working Papers No 552. March 2016. “A frequently neglected aspect of financial booms and busts – financial cycles – is their impact on fiscal positions. And yet, the latest financial crisis and […]