The Effects of Currency Crises on the Long-Run Growth

Yilmazkuday, Hakan

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The Effects of Currency Crises on the Long-Run Growth

Applied Economics Letters, Forthcoming

11 Pages Posted: 22 Jun 2007 Last revised: 29 Oct 2007

See all articles by Hakan Yilmazkuday

Hakan Yilmazkuday

Florida International University (FIU) - Department of Economics

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

Yilmazkuday, Hakan, The Effects of Currency Crises on the Long-Run Growth. Applied Economics Letters, Forthcoming, Available at SSRN: https://ssrn.com/abstract=995552