Incidence des crises financières: une analyse empirique à partir des pays émergents

Mohamed Ben Abdallah and Kalidou Diallo ()
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Kalidou Diallo: TEAM

Cahiers de la Maison des Sciences Economiques from Université Panthéon-Sorbonne (Paris 1)

Abstract: The aim of this paper is to evaluate the incidence and the severity of monetary, banking and twins’ crisis on the growth and on the investment in emergent countries on the period of 1974-2000. Using dynamic panel approach, we find that crises, whatever their type, are generally followed by a substantial contraction of the economical activity. More specifically, monetary crises, in contrast to the banking ones, appear to have a more important impact on the economic growth than on the investment. On the other hand, twin crisis seems to have a greater impact than the two first ones. The sensibility analysis shows the robustness of our results

Keywords: Financial crises; emerging economies; dynamic panel and economic growth (search for similar items in EconPapers)
JEL-codes: F30 F40 G10 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2004-04
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:mse:wpsorb:bla04071

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