Chapter 10. What Have We Learned about Creditless Recoveries?
- Stijn Claessens, Ayhan Kose, Luc Laeven, and Fabian Valencia
- Published Date:
- February 2014
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- Abdul Abiad, Giovanni Dell’Ariccia and Bin Li The authors thank Olivier Blanchard, Stijn Claessens, Gianni De Nicolò, Prakash Kannan, Angela Maddaloni, David Romer, and participants in seminars at the IMF, the Bank for International Settlements, the European Central Bank, the 2012 American Economic Association meeting, the 2012 Midwest Macro Meeting, the 2012 International Conference on Economic and Financial Challenges in Asia-Pacific, the 2010 Econometric Society World Congress, and the 2010 Financial Intermediation Research Society Conference (Fiesole) for helpful comments. Zeynep Elif Aksoy provided excellent research assistance.