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このアイテムの引用には次の識別子を使用してください: http://hdl.handle.net/10114/697

タイトル: Structural Breaks and Currency Crises : A Stylized Fact
著者: Gunji, Hiroshi
キーワード: Currency crisis
twin crises
emerging markets
multiple structural changes
発行日: 2003-3
出版者: The Institute of Comparative Economic Studies, Hosei University
抄録: This paper analyzes the effects of currency crises on output, estimating structural breaks. The breaking dates are estimated by Bai and Perron's (1998) method, which allows us to seek the dates and numbers of structural breaks. Furthermore, we compare the estimated break points with Goldstein, Kaminsky and Reinhart's (2000) results on the dates of banking and currency crises. This is then used to investigate the relation between these structural changes and crises. The findings of our estimation are (i) there exist cases in which currency crises might affect real variables, and (ii) banking crises are seldom related to structural breaks.
URI: http://hdl.handle.net/10114/697
ISSN: 09111247
出現コレクション:Journal of International Economic Studies


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