interesting article.
There are a few details where one can quibble with their analysis - for example, the US in 2009 is economically, socially and politically structured differently than the developing Asian countries studied and it’s even different than the US of the 1930s; but on the other hand, most of those crises were not global contagions. However, even removing those “outliers” from the sample doesn’t substantially change the basic scale of the eventual outcomes - in fact the point of the study was whether outcomes are substantially different in developing vs developed countries, and the answer was that they are not that much different.