How Resilient and Countercyclical Were Emerging Economies to the Global Financial Crisis?
By studying the cross-country incidence of the 2008–2009 global financial crisis, we document a structural break in the way emerging economies responded to the global shock. Contrary to popular perceptions, emerging economies suffered growth collapses (relative to the pre-crisis levels) comparable t...
| Main Authors: | , , |
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| Language: | en_US |
| Published: |
Elsevier
2013
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10986/16309 |