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The once booming dynamic economies in Asia were drawn into a whirlpool of business failures and economic devastation … eventually triggered the economic slump now referred to as the Asia Crisis. To address the structural measures needed to restore … from future crises. Economic recovery in Asia is a high priority for the OECD. As an international organisation with …
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The goal of this paper is to provide stylized facts on recovery from economic downturns and to evaluate the role of macroeconomic policies in promoting recovery. In particular, we examine gross domestic product (GDP) recessions and financial downturns (credit contractions and stock price...
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