The Economic Effects of a Borrower Bailout: Evidence from an Emerging Market
Published By: BREAD on eSS | Published Date: November, 01 , 2014The credit market implications and real effects of one the largest borrower
bailout programs in history are studied, enacted by the government of India against the backdrop
of the 2008–2009 financial crisis. The stimulus program had no effect on
productivity, wages or consumption, but led to significant changes in credit allocation
and an increase in defaults.
Author(s): Xavier Gene, Martin Kanz | Posted on: Nov 14, 2014 | Views(757) | Download (612)