Claessens, Stijn; Kose, M. Ayhan; Terrones, Marco E. - In: Journal of International Economics 87 (2012) 1, pp. 178-190
business and financial cycles. In particular, recessions associated with financial disruptions, notably house and equity price … busts, tend to be longer and deeper than other recessions. Conversely, while recoveries following asset price busts tend to …