Series: IMF Working Papers
Author(s): Gian Milesi-Ferretti , and Philip Lane
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2010
Keywords: private credit, international financial integration, output growth, current account balance, short-term debt,
We examine whether the cross-country incidence and severity of the 2008-2009 global recession is systematically related to pre-crisis macroeconomic and financial factors. We find that the pre-crisis level of develo...