Recoveries from recessions associated with banking crises: how does this one compare?

Juan Hatchondo, David A. Price and Jonathan Tompkins

Richmond Fed Economic Brief, 2011, issue Nov, No 11-11

Abstract: Recessions associated with banking crises tend to differ from other recessions in that the weakness of the financial sector, particularly the limited supply of credit, encumbers the subsequent recovery. The recovery from the 2007-09 recession, compared to past recoveries from recessions associated with banking crises, is within the historical range in terms of its level of GDP growth. In terms of unemployment, however, the recovery from the 2007-09 recession is markedly weaker than the historical norm.>

Keywords: Economic growth; Business cycles; Recessions (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations:

Downloads: (external link)
https://fraser.stlouisfed.org/files/docs/historica ... frbrich_eb_11-11.pdf Full text (application/pdf)
http://www.richmondfed.org/publications/research/e ... ef/2011/eb_11-11.cfm (text/html)

Related works:
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:fip:fedreb:y:2011:i:nov:n:11-11

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in Richmond Fed Economic Brief from Federal Reserve Bank of Richmond Contact information at EDIRC.
Bibliographic data for series maintained by Christian Pascasio ().