Recessions and Financial Disruptions in Emerging Marketes: A Bird's Eye View

Stijn Claessens (), Ayhan Kose and Marco Terrones

Journal Economía Chilena (The Chilean Economy), 2010, vol. 13, issue 2, 55-84

Abstract: This paper provides an overview of the implications of recession and financial disruption episodes in emerging markets. We report three major findings. First, compared to advanced countries, recessions and financial disruptions in emerging markets are often more costly. Second, recessions associated with financial disruption episodes, such as credit crunches, equity price busts and financial crises, tend to be deeper than other recessions in emerging markets. Third, the temporal dynamics of macroeconomic and financial variables around these episodes in emerging markets are different from those in advanced countries. In light of these broad observations, the paper provides a review of recessions and financial market disruptions in Chile

Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://si2.bcentral.cl/public/pdf/revista-economi ... n2ago2010pp55-84.pdf (application/pdf)

Related works:
Chapter: Recessions and Financial Disruptions in Emerging Markets: A Bird’s Eye View (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:chb:bcchec:v:13:y:2010:i:2:p:55-84

Access Statistics for this article

Journal Economía Chilena (The Chilean Economy) is currently edited by Álvaro Aguirre, Sofía Bauducco and Andrés Fernández

More articles in Journal Economía Chilena (The Chilean Economy) from Central Bank of Chile Contact information at EDIRC.
Bibliographic data for series maintained by Fredherick Sanllehi ().