How Bad Are Twins? Output Costs of Currency and Banking Crises

By Michael M. Hutchison, Ilan Noy. 2005

298 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/72f79a5b469d050ba0631a7b646fe0caa957870b

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. G. Hale
2. Nuria Suárez
3. Francisco Rodríguez
4. Ana Rodríguez Álvarez
5. Carlos Arteta
6. Ilan Noy
7. S. Hochrainer
8. Thomas K. J. McDermott

In Finance

1. G. Hale
2. Nuria Suárez
3. Francisco Rodríguez
4. Ana Rodríguez Álvarez
5. Carlos Arteta
6. Ilan Noy

Citations in the corpus

• Strategic Complementarities and the Twin Crises (2005, unknown): “However, 3 See Bordo et al. (2001), Eichengreen and Bordo (2002), Glick and Hutchison (2002), Hoggarth et al. (2002), and Hutchison and Noy (2004).”
• How Bank Market Concentration, Regulation, and Institutions Shape the Real Effects of Banking Crises (2010, background): “Bordo et al. (2001), Boyd et al. (2005), and Hutchison and Noy (2005) show that the magnitude of output losses associated with banking crises varies substantially across crisis episodes.”
• Financial Globalization and Economic Policies (2009, unknown): “28 On the output costs of banking crises, see Hutchison and Noy (2005) and Bonfiglioli and Mendicino (2004).”
• Financial crises and economic activity (2009, unknown): “20 This contrasts with results by Hutchison and Noy (2005), who find no evidence for an additional feedback between currency and banking crises.”
• The macroeconomic consequences of disasters (2009, methodology): “21 For a discussion of sudden capital inflow stops (financial crises), and their empirical importance in growth dynamics, see Hutchison and Noy (2006). the variables, with the exception of financial/capital-flows-stop crisis measure, are introduced with a one-year lag in order to capture the delayed”
• International Reserves Management and Capital Mobility in a Volatile World: Policy Considerations and a Case Study of Korea (2007, unknown): “Evaluation of the patterns of output in Korea (see Figures 6-7), as well the results reported in Kaminsky and Reinhart (1999) and Hutchison and Noy (2002) are consistent with the notion that sudden stops are associated with large output losses.”
• Financial versus Monetary Mercantilism-Long-run View of Large International Reserves Hoarding (2007, unknown): “Hutchison & Noy (2005) report that “… the onsets of 31% of banking crises were accompanied by currency turmoil.”
• The Real Effects of Banking Crises: Finance or Asset Allocation Effects? Some International Evidence (2010, unknown): “                                                             1 Bordo et al. (2000), Boyd et al. (2005), and Hutchison and Noy (2005) show that the magnitude of output losses associated with banking crises varies substantially across crisis episodes.”
• Sovereign Debt Crises and Credit to the Private Sector (2006, background): “31 To control for the effects of banking crises that could accompany sovereign debt crises, we include an annual banking crisis indicator (Hutchison and Noy, 2005).”