exerts a stabilising influence. We further provide new estimates of output losses from the two most severe recent recessions …

Generally, one of the important issues related to currency crises is the output losses caused by these phenomena. In … this study, determinants of output losses and particularly the role of the central bank will be evaluated during currency … rate policies on the output losses during currency crises. In this regard, an econometric model with panel data has been …

Generally, one of the important issues related to currency crises is the output losses caused by these phenomena. In … this study, determinants of output losses and particularly the role of the central bank will be evaluated during currency … rate policies on the output losses during currency crises. In this regard, an econometric model with panel data has been …

154 countries from 1970 to 2008, the paper shows that debt crises produce significant and long-lasting output losses …

uncertainty . There is a range of estimates of output losses from financial crises in the literature, and these are also dependent … upon definitions. We find economically significant output losses from various types of crises using a consistent …