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The seeds of a crisis: A theory of bank liquidity and risk taking over the business cycle

โœ Scribed by Viral Acharya; Hassan Naqvi

Book ID
119296447
Publisher
Elsevier Science
Year
2012
Tongue
English
Weight
759 KB
Volume
106
Category
Article
ISSN
0304-405X

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## Abstract Over the period 1990โ€“92, India experienced a foreign exchange crisis complicated by political turmoil that led to three rapid downgrades of its credit rating within the short space of a year. However, India did not default or reschedule its debt and with the help of foreign exchange loa