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Recoveries from recessions associated with banking crises : how does this one compare?

Author

Listed:
  • Juan Carlos Hatchondo
  • David A. Price
  • Jonathan Tompkins

Abstract

Recessions associated with banking crises tend to differ from other recessions in that the weakness of the financial sector, particularly the limited supply of credit, encumbers the subsequent recovery. The recovery from the 2007-09 recession, compared to past recoveries from recessions associated with banking crises, is within the historical range in terms of its level of GDP growth. In terms of unemployment, however, the recovery from the 2007-09 recession is markedly weaker than the historical norm.>

Suggested Citation

  • Juan Carlos Hatchondo & David A. Price & Jonathan Tompkins, 2011. "Recoveries from recessions associated with banking crises : how does this one compare?," Richmond Fed Economic Brief, Federal Reserve Bank of Richmond, issue Nov.
  • Handle: RePEc:fip:fedreb:y:2011:i:nov:n:11-11
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    Keywords

    Economic growth ; Business cycles ; Recessions;

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