Output Response to Currency Crises

Output Response to Currency Crises
This paper analyzes the behavior of output during currency crises using a sample of 195 crisis episodes in 91 developing countries during 1970-98. It finds that more than two-fifths of the crises in the sample were expansionary, and that output contraction was greater in large and more developed economies than in small and less developed... READ MORE...

Publication date: November 2003
ISBN 9781451875522
$15.00

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