Market freedom and the global recession

Domenico Giannone, Michele Lenza and Lucrezia Reichlin

ULB Institutional Repository from ULB -- Universite Libre de Bruxelles

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. © 2011 International Monetary Fund.

Date: 2011-04
Note: SCOPUS: ar.k
References: Add references at CitEc
Citations: View citations in EconPapers (74)

Published in: IMF economic reviews. Press information notices (2011) v.59 n° 1,p.111-135

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: 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:ulb:ulbeco:2013/261757

Ordering information: This working paper can be ordered from
http://hdl.handle.ne ... lb.ac.be:2013/261757

Access Statistics for this paper

More papers in ULB Institutional Repository from ULB -- Universite Libre de Bruxelles Contact information at EDIRC.
Bibliographic data for series maintained by Benoit Pauwels ().