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Item Type
title	Structural Breaks and Currency Crises : A Stylized Fact
Creator	CreatorName GUNJI, Hiroshi
	CreatorName 郡司, 大志
Language	eng
ISSN	09111247
DOI	https://doi.org/10.15002/00002487
Publisher	Institute of Comparative Economic Studies, Hosei University
	法政大学比較経済研究所
Journal or Publication Title	Journal of International Economic Studies
	Journal of International Economic Studies
Volume	17
Start page	129
End page	137
Year	2003-03
Textversion
Keywords	Currency crisis
	twin crises
	emerging markets
	multiple structural changes
Abstract	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.
Type	Article
NCID	AA10459262
Index	Resorce type ＞ Departmental Bulletin Paper ＞ Journal of international economic studies
	201 Institute of Comparative Economic Studies ＞ Departmental Bulletin Paper ＞ Journal of international economic studies ＞ 17

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