9/29/2008

Over the past 27 years, more than 100 banking crises have occurred around the world, according to a recently released report from the International Monetary Fund. Among some of the most interesting findings, the report showed that managing a banking crisis resulted in an average fiscal cost of more than 13% of the country's gross domestic product. The report also offers lessons for those managing the current crisis.

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NYTimes.com

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