Market Freedom and the Global Recession
29 Pages Posted: 18 Jun 2010
Date Written: May 1, 2010
In this study we find that the set of policies that favour liberalization in credit markets (regulatory quality) are negatively correlated with countries’ resilience to the recent recession as measured by output growth in 2008 and 2009.
Keywords: Market freedom, Recession, Financial Crisis
JEL Classification: E02, E65
Suggested Citation: Suggested Citation