Recoveries From Recessions Associated With Banking Crises : How Does This One Compare?, No. 11-11

Name: Recoveries From Recessions Associated With Banking Crises : How Does This One Compare?, No. 11-11
Creator: FRASER
Keywords: Federal Reserve Bank of Richmond, Federal Reserve Research Publications

Hatchondo, Juan Carlos; Price, David A.; Tompkins, Jonathan

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Recoveries From Recessions Associated With Banking Crises : How Does This One Compare?, No. 11-11

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Recoveries From Recessions Associated With Banking Crises : How Does This One Compare?, No. 11-11

DATE: November 2011

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Economic Brief

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CONTRIBUTING AUTHOR:

Federal Reserve Bank of Richmond

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.

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Hatchondo, Juan Carlos , Price, David A. , Tompkins, Jonathan and Federal Reserve Bank of Richmond. "Recoveries From Recessions Associated With Banking Crises : How Does This One Compare?, No. 11-11," Economic Brief (November 2011). https://fraser.stlouisfed.org/title/6034/item/583894, accessed on August 10, 2020.

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