Berger, Allen N.; Demirgüç-Kunt, Asli - 2021
– faster and larger than for the Global Financial Crisis (GFC). It connects the “financial surprise” of the resilient banking … shortest U.S. recession on record and the avoidance of any banking crisis – and a number of research opportunities. The paper … “surprises” are also mutually reinforcing – if either the economy or banking system had failed, so would the other. The paper …