The Economic Effects of a Borrower Bailout: Evidence from an Emerging Market

Xavier Gene and Martin Kanz ()

Working Papers from eSocialSciences

Abstract: The 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.

Keywords: bailout; economic stimulus; crisis resolution; moral hazard; India (search for similar items in EconPapers)
Date: 2014-11
Note: Institutional Papers
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Related works:
Journal Article: The Economic Effects of a Borrower Bailout: Evidence from an Emerging Market (2018)
Working Paper: The economic effects of a borrower bailout: evidence from an emerging market (2014)
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