Claessens, Stijn; Kose, M. Ayhan; Terrones, Marco E. - In: Journal Economía Chilena (The Chilean Economy) 13 (2010) 2, pp. 55-84
This paper provides an overview of the implications of recession and financial disruption episodes in emerging markets … markets are often more costly. Second, recessions associated with financial disruption episodes, such as credit crunches …