Series: IMF Working Papers
Author(s): Ratna Sahay , Deepak Mishra , and Poonam Gupta
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2003
Keywords: currency crisis, debt burden, crisis episodes, short-term debt, Open Economy Macroeconomics, Economic Growth of Open Economies,
This paper analyzes the behavior of output during currency crises using a sample of 195 crisis episodes in 91 developing countries during 1970-98. It finds that more than two-fifths of the crises in the sample were...