The Effects of Financial Crises on International Trade
35 Pages Posted: 20 Dec 2003 Last revised: 18 Oct 2021
Date Written: December 2003
This paper studies empirically the effects of financial crises on international trade. The major findings are that banking crises had a negative impact on imports but a positive impact on exports in the short term, whereas currency crises decreased imports in the short term and stimulated exports in the longer term.
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