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What is the fiscal cost of a banking crisis? Is it a good measure of the social cost of a banking crisis? Are output losses

  1. What is the fiscal cost of a banking crisis?
  2. Is it a good measure of the social cost of a banking crisis?
  3. Are output losses a better measure of this cost?
  4. What is the main challenge in assessing the output cost of a banking crisis?
  5. Now read 'Why are there so many banking crises?' and list the main forms of public intervention in the banking sector.

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