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2008•Applied Economics LettersRequires access

The effects of currency crises on the long-run growth

Hakan Yilmazkuday

Open publisher page 4 citations

Abstract

We attempt to analyse the effects of the currency crises on the long-run growth by using a cross-sectional country dataset. 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.

About this research paper

What this paper is about

We attempt to analyse the effects of the currency crises on the long-run growth by using a cross-sectional country dataset. 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.

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OpenAlex reports 4 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

We attempt to analyse the effects of the currency crises on the long-run growth by using a cross-sectional country dataset. 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.

Key concepts: Currency, Economics, Monetary economics, Currency crisis, Short run, Devaluation

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