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- W1537759574 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." @default.
- W1537759574 created "2016-06-24" @default.
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- W1537759574 date "2008-06-05" @default.
- W1537759574 modified "2023-09-27" @default.
- W1537759574 title "Banking and currency crises in emerging market: the magnified effect of twin crises on output" @default.
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