Bank Bailouts: A Billion Here, A Billion There

Bank crises are expensive propositions — and even more so if you decide to try to bail the bastards out. Some good data on the preceding in this chart, which shows banking crises and puts their cost as a percentage of country GDP:


Source: Calomiris and Beim (2000)


  1. So for Japan, is it 12% of one year’s GDP, or over the whole of the 90’s? Unless it is annualized, the chart is meaningless.