Economics, Econometrics and Finance
4 years ago

Currency crises lead to long-term economic decline, study finds.

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SSRN Electronic Journal
The Effects of Currency Crises on the Long-Run Growth
Hakan Yilmazkuday

Paper Summary

Currency crises have a negative impact on long-term economic growth. This was found by analyzing data from different countries. The more currency crises a country experiences, the worse its long-term growth becomes.

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