The Role of Credit, Currency and Debt Crises in Trade Performance: A Product-Disaggregated Panel Data Analysis
Version of Record online: 20 MAY 2013
Copyright © 2013 John Wiley & Sons, Ltd.
Journal of International Development
Volume 27, Issue 2, pages 273–284, March 2015
How to Cite
2015), The Role of Credit, Currency and Debt Crises in Trade Performance: A Product-Disaggregated Panel Data Analysis, J. Int. Dev., 27; pages 273–284, doi: 10.1002/jid.2923(
- Issue online: 4 MAR 2015
- Version of Record online: 20 MAY 2013
- Manuscript Accepted: 10 APR 2013
- Manuscript Revised: 24 FEB 2013
- Manuscript Received: 7 DEC 2011
- financial crises;
- South and South-East Asia;
The impacts of financial crisis shocks on trade performance are investigated for a sample of Asian countries that experienced financial crises during the 1980–2006 period. Credit, currency appreciation, currency depreciation and external debt shocks are considered. The focus is to look beyond aggregates into sub-sector level exports using disaggregated data for 27 industries. We look at how the shocks affect bilateral exports in general and fluctuation of exports in terms of creation and diversion in particular. Further, the impact of each crisis shock on the level of competitiveness and the degree of diversification of exports is assessed. Copyright © 2013 John Wiley & Sons, Ltd.