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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Autor principal: Allard, Julien
Altres autors: Blavy, Rodolphe
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2011.
Col·lecció:IMF Working Papers; Working Paper ; No. 2011/213
Accés en línia:Full text available on IMF