Finance Series
Market Freedom and the Global Recession
Working Paper Author/Authors
Abstract
n this study we find that the set of policies that favour liberalization in credit markets (regulatory quality) are negatively correlated with countries’ resilience to the recent recession as measured by output growth in 2008 and 2009.
Published in
IMF Economic Review
Volume 59, Number 1, pp. 111-135, January 2010
© Domenico Giannone, Michele Lenza, Lucrezia Reichlin, 2010
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