Browsing Departament d'Economia i Empresa by Author "Westermann, Frank"

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Browsing Departament d'Economia i Empresa by Author "Westermann, Frank"

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  • Rancière, Romain; Tornell, Aaron; Westermann, Frank (2002)
    We address the question of whether growth and welfare can be higher in crisis prone economies. First, we show that there is a robust empirical link between per-capita GDP growth and negative skewness of credit growth across ...
  • Rancière, Romain; Tornell, Aaron; Westermann, Frank (2002)
    In this paper, we document the fact that countries that have experienced occasional financial crises have on average grown faster than countries with stable financial conditions. We measure the incidence of crisis with the ...

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