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Title:Trade first and trade fast: a duration analysis of recovery from currency crisis PDF Logo
Authors:Deb, Saubhik
Issue Date:2005
Series/Report no.:Working papers // Department of Economics, Rutgers, the State University of New Jersey 2006,07
Abstract:Over the last three decades, durations of recovery of output from contractionary currency crises have shown much variation both within and across countries. Using a dataset comprising of both developing and industrial countries, this paper examines the importance of economic fundamentals, international trade and liberalized capital account in determining the speed of recovery from such crises. We found that poor macroeconomic fundamentals and capital account liberalization have no significant effect on duration of recovery. However, all trade related variables were found to be significant. Our results indicate the preeminence of export led recovery.
Subjects:Currency crisis
duration analysis
output recovery
JEL:F30
F41
C41
Document Type:Working Paper
Appears in Collections:Working Papers, Department of Economics, Rutgers University

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