Research Department Output Response to Currency Crises

  title={Research Department Output Response to Currency Crises},
  author={Poonam V. Gupta and Deepak Mishra and Ratna Sahay},
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate. 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 expansionary, and that… CONTINUE READING


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