Good luck played role in post-crisis recovery: BIS paper


A Bank for International Settlements paper published on Tuesday says both pre-crisis policy decisions and good luck played a role in the varied macroeconomic performance of countries in the aftermath of the financial crisis.

Stephen Cecchetti, Michael King and James Yetman, the paper's authors, examine why individual countries' macroeconomic performance varied markedly during the 2007–09 global financial crisis and whether this was the result of pre-crisis policy decisions, or just good luck

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: