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Journal of Economic Integration 2018 December;33(4) :818-840.
DOI: https://doi.org/10.11130/jei.2018.33.4.818
Currency Crisis Transmission Through Trade Channel
: Asian and Mexican Crises Revisited
Saleheen Khan 
Department of Economics, Minnesota State University, USA
Corresponding Author: Saleheen Khan ,Email: saleheen.khan@mnsu.edu
Copyright ©2018 Journal of Economic Integration
ABSTRACT
This paper provides support to the existing empirical evidence that trade linkages play an important role in explaining the magnitude of currency crises, in addition to macroeconomic fundamentals and stock market dynamics. We apply pooled regression analysis in an attempt to better understand the effect of trade on the Asian Crises period of 1997~1998 and the Mexican Peso Crisis of 1994~1995. Our empirical results show that trade variables explain the aforementioned crises and their contagion. We also find that the magnitude of the trade channel was similar in both cases.

JEL Classification
F31: Foreign Exchange
F30: General
F10: General
Keywords: Currency crises | Contagion | Trade
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