| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1331 |
| DP1331 Testing for Trade-induced Investment-led Growth | |
| Richard Baldwin; Elena Seghezza | |
| 发表日期 | 1996-02-29 |
| 出版年 | 1996 |
| 语种 | 英语 |
| 摘要 | We use a panel of annual data for over one hundred developing countries from 1971?92 to characterize currency crashes. We define a currency crash as a large change of the nominal exchange rate that is also a substantial increase in the rate of change of nominal depreciation. We examine the composition of the debt as well as its level, and a variety of other macroeconomic factors, external and foreign. Crashes tend to occur when: output growth is low; the growth of domestic credit is high; and the level of foreign interest rates is high. A low ratio of foreign direct investment to debt is consistently associated with a high likelihood of a crash. |
| 主题 | International Macroeconomics |
| 关键词 | Composition Data Debt Developing exchange rate Macroeconomic Panel |
| URL | https://cepr.org/publications/dp1331 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530477 |
| 推荐引用方式 GB/T 7714 | Richard Baldwin,Elena Seghezza. DP1331 Testing for Trade-induced Investment-led Growth. 1996. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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