Market Freedom and the Global Recession
26 Pages Posted: 19 Jul 2010
Date Written: June 2010
In this study we find that the set of policies that favor 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: Financial Crisis, Market freedom, Recession
JEL Classification: E02, E65
Suggested Citation: Suggested Citation