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Banking and currency crises in emerging market: the magnified effect of twin crises on output

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 (Unpublished)

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Abstract

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 Conference Paper (Paper)
Additional Information: [1] 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. [2] 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
Faculty / Department / Research Group: Faculty of Business > Department of Accounting & Finance
Related URLs:
Last Modified: 14 Oct 2016 09:09
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
Selected for GREAT 2019: None
URI: http://gala.gre.ac.uk/id/eprint/3501

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