The Effects of Currency Crises on the Long-Run Growth
11 Pages Posted: 22 Jun 2007 Last revised: 29 Oct 2007
Abstract
We attempt to analyze the effects of the currency crises on the long-run growth by using a cross-sectional country data set. After controlling for the post-crisis period, we find that the effects of the currency crises on the long-run growth are strictly negative and significant. We also find that the negative effects of the currency crises on the long-run growth increase as the number of the currency crises increases.
Keywords: Economic growth, Currency crisis, Cross-country analysis
JEL Classification: F31, F43, O57
Suggested Citation: Suggested Citation
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