Market Phoenixes and Banking Ducks Are Recoveries Faster in Market-Based Financial Systems? /

Recoveries vary considerably across countries: our paper compares recoveries in bank-based and market-based economies and finds that market-based economies experience significantly and durably stronger rebounds than the bank-based ones (in particular the more bank-based economies of continental Euro...

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Detaylı Bibliyografya
Yazar: Allard, Julien
Diğer Yazarlar: Blavy, Rodolphe
Materyal Türü: Dergi
Dil:English
Baskı/Yayın Bilgisi: Washington, D.C. : International Monetary Fund, 2011.
Seri Bilgileri:IMF Working Papers; Working Paper ; No. 2011/213
Online Erişim:Full text available on IMF
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100 1 |a Allard, Julien. 
245 1 0 |a Market Phoenixes and Banking Ducks Are Recoveries Faster in Market-Based Financial Systems? /  |c Julien Allard, Rodolphe Blavy. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2011. 
300 |a 1 online resource (26 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Recoveries vary considerably across countries: our paper compares recoveries in bank-based and market-based economies and finds that market-based economies experience significantly and durably stronger rebounds than the bank-based ones (in particular the more bank-based economies of continental Europe). Further, stronger recoveries also tend to be associated with broader economic flexibility. Our findings suggest that dealing with bank sector vulnerabilities is paramount to support the recovery. In the medium term, structural policies to deepen financial markets are useful, but need to be complemented with structural measures to address rigidities more broadly in the real economy. 
538 |a Mode of access: Internet 
700 1 |a Blavy, Rodolphe. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2011/213 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2011/213/001.2011.issue-213-en.xml  |z IMF e-Library