The Cross-Country Incidence of the Global Crisis

WP/10/171

The Cross-Country Incidence of the Global Crisis
We examine whether the cross-country incidence and severity of the 2008-2009 global recession is systematically related to pre-crisis macroeconomic and financial factors. We find that the pre-crisis level of development, increases in the ratio of private credit to GDP, current account deficits, and openness to trade are helpful in understanding... READ MORE...

Publication date: July 2010
ISBN 9781455201822
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Publication date: July 2010

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Publication date: July 2010

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