Salman, Ferhan; Chivakul, Mali; Llaudes, Ricardo - International Monetary Fund (IMF) - 2010
, sovereign spreads, and credit growth. This paper also shows that during this crisis, pre-crisis reserve holdings helped to …This paper examines the impact of the recent global crisis on emerging market economies (EMs). Our cross …-country analysis shows that the impact of the crisis was more pronounced in those EMs that had initial weaker fundamentals and greater …