Jun 14, 2013
OECD Direct Fiscal Costs of 2008 Financial Crisis
This chart shows the direct fiscal costs for the financial crisis in OECD countries between 2007 and 2009. Especially Ireland and also Iceland stand out as having relatively high costs in those years relating to the crisis. Notably the Netherlands is third and USA only comes in on the eight spot.
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In percentages the Netherlands is doing much better than Ireland, but if you translate this to real cost both the Netherlands and Ireland missed about $100 billion, Ireland just under $3 billion and the US over half a trillion.
ReplyDeleteThere is an updated version of the Laeven and Valencia estimates here: http://www.imf.org/external/pubs/ft/wp/2012/wp12163.pdf
ReplyDeleteMark Allen
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