Once Bitten, Twice Shy: Experiences of a Banking Crisis and Expectations of Future Crises
dc.contributor.author | Mudd, Shannon | en_US |
dc.contributor.author | Valev, Neven T. | en_US |
dc.date.accessioned | 2009-11-17T17:01:42Z | |
dc.date.available | 2009-11-17T17:01:42Z | |
dc.date.issued | 2009-09-01 | en_US |
dc.identifier.other | RePEc:wdi:papers:2009-969 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/64382 | en_US |
dc.description.abstract | Survey data from Bulgaria show that people who had experienced a loss during a banking crisis are significantly more likely to expect a new crisis. This result holds despite 12 years between the earlier crisis and the survey, and the dramatically improved performance of the financial sector and the economy in the meantime. However, we find that earlier experiences affect expectations only for less informed individuals. Individuals who are more informed about the economy are unaffected by their prior experiences. | en_US |
dc.format.extent | 190186 bytes | |
dc.format.extent | 1802 bytes | |
dc.format.mimetype | application/pdf | |
dc.format.mimetype | text/plain | |
dc.relation.ispartofseries | wp969 | en_US |
dc.subject | Banking Crisis, Trust, Expectations | en_US |
dc.subject.other | G2; D8 | en_US |
dc.title | Once Bitten, Twice Shy: Experiences of a Banking Crisis and Expectations of Future Crises | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.contributor.affiliationum | William Davidson Institute | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/64382/1/wp969.pdf | |
dc.contributor.authoremail | smudd@ursinus.edu | en_US |
dc.contributor.authoremail | nvalev@gsu.edu. | en_US |
dc.owningcollname | William Davidson Institute (WDI) - Working Papers |
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