the world experienced in 2008–09, is the deepest global economic contraction since the Great Depression. But as real … recessions, but this conclusion is subject to the caveat that the revisions process may have changed over time. …

, particularly systemic ones, are often followed by severe, lengthy recessions. [4] Loss of confidence in the financial system is … partly responsible for the length and severity of these recessions. In the model, banks make decisions about initiating and … decisions can increase the depth of recessions, and they can produce systemic financial crises. They can also reduce the …

.738*** 20.790*** 20.995** 20.894*** 20.634** 20.774*** 20.506** 21.974*** 20.724*** -- 1 À a l ars m t 458 THE WORLD BANK …

The downturn in the world economy following the global banking crisis has left the Chinese economy relatively unscathed …

recession factors. Using panel data of 129 countries spanning 1990-2010, we implemented "Locally Weighted Scatterplot Smoothing … independently to the estimation method. Thus during economic crises of recession, policymakers should hold-on regional integration …) countries and financial openness for sub-Saharan Africa (SSA) countries impact negatively recessions; countries who manage their …

) countries and financial openness for sub-Saharan Africa (SSA) countries are negatively related to recessions. Related and …

. This analysis is based on a panel unobserved components model of the world economy, disaggregated into its fifteen largest …This paper analyzes the sources of output and unemployment dynamics in the world economy during the Great Recession …