Financial Crises and Recovery Trajectories: A Comparative Panel Study of Crisis Types and Recovery Dynamics
This paper examines the economic consequences of financial crises and the determinants of recovery duration through a structural-institutionalist perspective. Drawing on cross-country data from 160 countries (1950–2019) and using updated classifications of crisis episodes, it explores two central questions: how do different types of crises affect GDP per capita? and what factors explain variation
