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...

Descrición completa

Detalles Bibliográficos
Autor Principal: Allard, Julien
Outros autores: Blavy, Rodolphe
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2011.
Series:IMF Working Papers; Working Paper ; No. 2011/213
Acceso en liña:Full text available on IMF