Credit Conditions and Recoveries from Recessions Associated with Financial Crises /
Recoveries from recessions associated with a financial crisis tend to be sluggish. In this paper, we present evidence that stressed credit conditions are an important factor constraining the pace of recovery. In particular, using industry-level data, we find that industries relying more on external...
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| 格式: | 雜誌 |
| 語言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
2010.
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| 叢編: | IMF Working Papers; Working Paper ;
No. 2010/083 |
| 在線閱讀: | Full text available on IMF |