Banking and currency crises in emerging market: the magnified effect of twin crises on output
Mateus, Cesario and Yeoh, Li Shun (2008) Banking and currency crises in emerging market: the magnified effect of twin crises on output. In: Financial Management Association European Conference, 4-6 Jun 2008, Prague, Czech Republic. (Unpublished)Full text not available from this repository.
This paper analyzes whether there is a magnify effect of twin crises on output and the relationship between banking and currency crises. Using data from 12 emerging countries over the period 1980-2006 we found that the cost of twin crises is large but it does not magnify the effect as compare to the combine cost of banking and a currency crisis happens at different time. In fact, the cost of twin crises was smaller when compare to the two crises with a difference between 2 to 2.6 percent using different methodologies. This result was also similar even with the exclusion of countries involved in the Asian Financial crisis as there was no evidence of the magnify effect on twin crises on GDP growth.
|Item Type:||Conference or Workshop Item (Paper)|
|Additional Information:|| This paper was presented at the Financial Management Association European Conference held from 4-6 June 2008 in Prague, The Czech Republic, within Session 28 "Contagion" on Thursday 5 June 2008.  This paper was also presented at the British Accounting Association Annual Conference held from 1-3 April 2008 in Blackpool, UK. See also: http://gala.gre.ac.uk/2713/|
|Uncontrolled Keywords:||banking crisis, currency crisis, GDP, twin crisis, financial development|
|Subjects:||H Social Sciences > HG Finance|
|School / Department / Research Groups:||School of Business|
School of Business > Department of Accounting & Finance
|Last Modified:||07 Jan 2013 15:01|
Actions (login required)