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Browsing School of Economics and Finance · Te Kura Ohaoha Pūtea: Working Paper Series by Subject

Browsing School of Economics and Finance · Te Kura Ohaoha Pūtea: Working Paper Series by Subject "140212 Macroeconomics"

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Macroeconomic adjustment and the history of crises in open economies

Aizenman, Joshua; Noy, Ilan (2012)

This paper investigates the impact of the history of crises on macroeconomic performance. We first study the impact of past banking crises on the probability of a future banking crisis. Applying data for 1980-2010 for all ...