Rose, Andrew; Spiegel, Mark - 2009
the crisis is the same, combining 2008 changes in a) real GDP, b) the stock market, c) country
credit ratings, and d) the exchange rate into a single measure of …: Comments Welcome
Revised as of: September 25, 2009
Abstract
This paper models the causes of the 2008 financial crisis together with its manifestations, using a …
Multiple Indicator Multiple Cause (MIMIC) model. Our analysis is conducted on a cross‐section of 85
countries …