Both Gold and Crude oil prices had spiralled during the period. Global crisis has also severely affected the growth and health of global banking sector. Bank credit growth in major economies such as US, UK, and the Eurozone secularly declined throughout 2009. The asset quality has also been adversely impacted with NPA (as % of total loans) rising to higher levels.
Journal of Econometrics, vol. 65 (January), pp. 83-108. Corrado, Carol, Paul Lengermann, Eric Bartelsman, and J. Joseph Beaulieu (2006).