NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Effects of Financial Crises on International Trade

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Zihui Ma, Leonard Cheng

NBER Working Paper No. 10172
Issued in December 2003
NBER Program(s):   IFM   ITI

This paper studies empirically the effects of financial crises on international trade. The major findings are that banking crises had a negative impact on imports but a positive impact on exports in the short term, whereas currency crises decreased imports in the short term and stimulated exports in the longer term.

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