Trade openness can have a positive impact on a country's GDP during banking crises. A study found that countries with higher trade volume tend to see a 2.3% increase in GDP per capita when a banking crisis occurs. Additionally, increasing trade openness can help offset the negative effects of a banking crisis, with a shift from no trade to high openness resulting in a 6.9% increase in GDP per capita. Furthermore, countries with greater trade openness experience a 0.3% annual increase in GDP per capita during the 10-year recovery period following a banking crisis. This suggests that trade openness can play a crucial role in economic recovery and resilience in the face of financial crises.