What happened to Asian exports during the crisis? Duttagupta, Rupa; Spilimbergo, Antonio

User activity

Share to:
Authors
Duttagupta, Rupa ; Spilimbergo, Antonio
Appears In
IMF Staff Papers
Subjects
Financial crises - Economic aspects - East Asia.; International trade -- Analysis; Exports -- Analysis
Audience
Trade
Summary
After the large exchange rate depreciations following the 1997 East Asian crisis, export volumes from East Asian countries responded with a notable lag. Two main explanations for this lag have been proposed: that contraction in domestic credit affected supply of exports and that "competitive depreciation" by other countries neutralized the effects on demand for exports. This paper considers the plausibility of these two mechanisms using a new monthly database of exports of selected industries. The results indicate that "competitive depreciation" played an important role in the propagation of the East Asian crisis through the trade channel, even at a monthly frequency. [JEL F1, F14]
Bookmark
https://trove.nla.gov.au/work/3254052
Work ID
3254052

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this work

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this work

Add a comment


Show comments and reviews from Amazon users