Output Recovery After Financial Crises: An Empirical Study

doi:10.1080/1540496X.2014.1011936

CORC > 上海财经大学 > 上海财经大学

	Output Recovery After Financial Crises: An Empirical Study
	Wan, Chao 1; Jin, Yuying 2
刊名	EMERGING MARKETS FINANCE AND TRADE
	2015-11-01
卷号	50 期号:6 页码:209-228
关键词	banking crises currency crises duration of recovery intensity of recovery recovery from crises
ISSN号	1540-496X
DOI	10.1080/1540496X.2014.1011936
英文摘要	In this paper, we provide a characterization of output recovery after financial crises. Using data from eighty-one countries (regions) from 1975 to 2008, we first identify 182 currency crises by a modified EMP method and recognize 131 banking crises using the results from literature. With quantitative U-shaped and V-shaped recovery specified, we depict output recovery over the dimensions of output loss and duration and find that emerging markets tend to experience severe crises with speedy recoveries. Finally, we apply survival analysis to study the duration of recovery. The results indicate that certain factors, such as control of private sector credit, the degree of financial openness, and adjustment of the current account deficit, contribute to a speedy recovery after financial crises.
WOS研究方向	Business & Economics ; International Relations
语种	英语
出版者	ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
WOS记录号	WOS:000352861600014
内容类型	期刊论文
源URL	[http://10.2.47.112/handle/2XS4QKH4/1451]
专题	上海财经大学
通讯作者	Wan, Chao
作者单位	1.Shanghai Finance Univ, Sch Int Econ & Trade, Shanghai, Peoples R China; 2.Shanghai Univ Finance & Econ, Sch Int Business Adm, Shanghai, Peoples R China
推荐引用方式 GB/T 7714	Wan, Chao,Jin, Yuying. Output Recovery After Financial Crises: An Empirical Study[J]. EMERGING MARKETS FINANCE AND TRADE,2015,50(6):209-228.
APA	Wan, Chao,&Jin, Yuying.(2015).Output Recovery After Financial Crises: An Empirical Study.EMERGING MARKETS FINANCE AND TRADE,50(6),209-228.
MLA	Wan, Chao,et al."Output Recovery After Financial Crises: An Empirical Study".EMERGING MARKETS FINANCE AND TRADE 50.6(2015):209-228.