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A special report on the world economy: The cost of repair
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 397 no. 8703 (Oct. 2010)
,
page 60+10.
Topik:
Financial Crises
;
Economic Growth
;
Recovery
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.62
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
ALL recessions are painful, but the hangovers that follow financial crises are particularly long and grim. Growth is substantially lower than it is during “normal” recoveries as households and firms reduce their debt burdens. That is the depressing conclusion from a growing body of research on the aftermath of big financial busts. In one such study, Prakash Kannan, an economist at the IMF, looked at 83 recessions in 21 countries since 1970. He found that in recessions that followed financial crises, growth was a lot slower and credit growth stagnated—whereas after normal recessions it soared (see chart 6).
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