This paper assesses the impact of the 2008-09 global financial and economic crisis on the medium-term growth prospects … two decades ago. We use cross-country growth regressions, putting special emphasis on a proper consideration of the crisis … and robustness. We find that the crisis has had a major impact on the within-sample fit of the models used and that the …

This paper assesses the impact of the 2008-09 global financial and economic crisis on the medium-term growth prospects … two decades ago. We use cross-country growth regressions, putting special emphasis on a proper consideration of the crisis … and robustness. We find that the crisis has had a major impact on the within-sample fit of the models used and that the …

economic crises during the 1990s. We find that the severity of crisis has had a positive impact on the subsequent pace of …

In this paper, we present the root cause of the American financial crisis in 2007. We show that financial integration … and capital flow volatility is the factor that creates a climate conducive to the emergence of the crisis in the USA and … recent years had a pro-cyclical character. We show also that this behavior was the root cause of the crisis and even previous …