Park, Yung Chul; Lee, Jong-Wha - 2021
stylized pattern from the previous 160 currency crisis episodes over the period from 1970 to 1995 shows a V-type adjustment of … currency crisis episodes. However, the degree of initial contraction and following recovery has been far greater in East Asia … bank balance sheet. We find no evidence for a direct impact of a currency crisis on long-run growth …