This paper studies empirically the effects of financial crises on international trade. The major findings are that banking crises had a negative impact on imports but a positive impact on exports in the short term, whereas currency crises decreased imports in the short term and stimulated exports in the longer term.
Contribution to Book
The effects of financial crises on international tradeInternational trade in East Asia
Document TypeBook chapter
PublisherUniversity of Chicago Press
Publisher StatementCopyright © 2005 by the National Bureau of Economic Research
Additional InformationISBN of the source publication: 0226378969
Citation InformationCheng, L. K. H., & Ma, Z. (2005). The effects of financial crises on international trade. In T. Ito & A. Rose (Eds.), International trade in East Asia (pp.253-282). Chicago: University of Chicago Press.