Flexibility of Adjustment to Shocks: Economic Growth and Volatility of Middle-Income Countries Before and After the Global Financial Crisis of 2008

ADB; Aizenman, Joshua; Jinjarak, Yothin; Estrada, Gemma Esther B.2021-10-052021-10-052017-11N/AN/A2313653723136545https://www.adb.org/publications/flexibility-adjustment-shocks-middle-income-countrieshttps://hdl.handle.net/20.500.14540/5118This paper analyzes the role of institutions and macroeconomic fundamentals on countries' adjustment to shocks especially for middle-income countries before and after the global financial crisis.30EconomicsFlexibility of Adjustment to Shocks: Economic Growth and Volatility of Middle-Income Countries Before and After the Global Financial Crisis of 2008