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...

Повний опис

Бібліографічні деталі
Автор: Allard, Julien
Інші автори: Blavy, Rodolphe
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 2011.
Серія:IMF Working Papers; Working Paper ; No. 2011/213
Онлайн доступ:Full text available on IMF