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 eco...

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Autor principal: Sahay, Ratna
Altres autors: Gupta, Poonam, Mishra, Deepak
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2003.
Col·lecció:IMF Working Papers; Working Paper ; No. 2003/230
Accés en línia:Full text available on IMF