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- W2551711156 abstract "In a panel of OECD and emerging economies, I nd that recessions are associated with larger initial drops in investment and more persistent drops in output if they occur simultaneously with banking crises. Furthermore, the banking crises that are followed by more persistent output slumps are associated with particularly large initial drops in investment. I present a model to account for these patterns, in which a nancial shock" @default.
- W2551711156 created "2016-11-30" @default.
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- W2551711156 date "2015-01-17" @default.
- W2551711156 modified "2023-09-27" @default.
- W2551711156 title "Capital deaccumulation and the large persistent effects of financial crises" @default.
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