Market Freedom and the Global Recession

Domenico Giannone, Michele Lenza and Lucrezia Reichlin

IMF Economic Review, 2011, vol. 59, issue 1, 135 pages

Abstract: This study finds that the set of policies that favor liberalization in credit markets (regulatory quality) are negatively correlated with countries’ resilience to the recent recession as measured by output growth in 2008 and 2009. The Global nature of the recession and the cross-country heterogeneity of its depth provide a unique opportunity to examine the link between the structural characteristics of economic and social systems before and after the crisis.

Date: 2011
References: Add references at CitEc
Citations: View citations in EconPapers (80)

Downloads: (external link)
http://www.palgrave-journals.com/imfer/journal/v59/n1/pdf/imfer201014a.pdf Link to full text PDF (application/pdf)
http://www.palgrave-journals.com/imfer/journal/v59/n1/full/imfer201014a.html Link to full text HTML (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Market freedom and the global recession (2011)
Working Paper: Market freedom and the global recession (2010)
Working Paper: Market Freedom and the Global Recession (2010)
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:pal:imfecr:v:59:y:2011:i:1:p:111-135

Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/41308/PS2

Access Statistics for this article

More articles in IMF Economic Review from Palgrave Macmillan, International Monetary Fund
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().