Koh, Wee Chian; Yu, Shu - 2020
Emerging markets and developing economies (EMDEs) weathered the 2009 global recession relatively well. However, the … impact of the global recession varied across economies. EMDEs with stronger pre-crisis fundamentals - such as large foreign … portfolio investment and cross - border bank lending-fared less well, especially those in Europe and Central Asia. A key lesson …