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. We report three major findings. First, compared to advanced countries, recessions and financial disruptions in emerging markets are often more costly. Second, recessions...
