01724cas a2200253 a 4500 AALejournalIMF006625 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455201822 1018-5941 BD-DhAAL BD-DhAAL Milesi-Ferretti, Gian. The Cross-Country Incidence of the Global Crisis / Gian Milesi-Ferretti, Philip Lane. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (39 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We examine whether the cross-country incidence and severity of the 2008-2009 global recession is systematically related to pre-crisis macroeconomic and financial factors. We find that the pre-crisis level of development, increases in the ratio of private credit to GDP, current account deficits, and openness to trade are helpful in understanding the intensity of the crisis. International risk sharing did little to shield domestic demand from the country-specific component of output declines, while those countries with large pre-crisis current account deficits saw domestic demand fall by much more than domestic output during the crisis. Mode of access: Internet Lane, Philip. IMF Working Papers; Working Paper ; No. 2010/171 Full text available on IMF http://elibrary.imf.org/view/journals/001/2010/171/001.2010.issue-171-en.xml IMF e-Library