Tsangarides, Charalambos G. - In: Journal of Macroeconomics 34 (2012) 2, pp. 470-488
determinants, we find that the growth performance for pegs was not different from that of floats during the crisis. The picture is … different for the recovery period 2010–2011, as pegs appear to be faring worse, with growth recovering more slowly than floats … the trade and financial channels are important determinants of growth performance during the crisis, while only the trade …