How do banking crises affect bilateral exports?:
This paper investigates whether banking crises are associated with declines in bilateral exports. We first develop a simple open economy model in which banking crises translate into negative liquidity shocks, leading to collapses in exports through supply-side and demand-side shocks. We then estimat...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, DC
IMF
2013
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| Schriftenreihe: | IMF working paper
13/150 |
| Schlagworte: | |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | This paper investigates whether banking crises are associated with declines in bilateral exports. We first develop a simple open economy model in which banking crises translate into negative liquidity shocks, leading to collapses in exports through supply-side and demand-side shocks. We then estimate a gravity model using a sample of developed and developing countries over the period 1988-2010. The results suggest that crisis-hit countries experience lower levels of bilateral exports, particularly in developing countries where supply-side shocks are found to be relatively more important than demand shocks. In developing countries, exports of manufactured goods are disproportionately hurt by banking crises and this negative effect is stronger in industries relying more on external finance. These findings are robust to correcting for potential endogeneity, to changes in the sample, and to alternative estimation methods |
| Beschreibung: | Description based upon print version of record |
| Beschreibung: | 1 Online-Ressource (40 Seiten) graph. Darst |
| Format: | Systemvoraussetzungen: Acrobat Reader |
| ISBN: | 9781475576276 |
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| 245 | 1 | 0 | |a How do banking crises affect bilateral exports? |c Youssouf Kiendrebeogo |
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| 505 | 8 | |a 2 Evolution of the Effects of Banking Crises on Bilateral Exports in 1988-2010: Annual Estimates3 Differences in Resilience Across Countries and Regions; C: Emphasizing the Role of Institutions; 4 Crises and Bilateral Exports: The Role of Institutional Quality; D: Cross-Sectoral Differences in Resilience in Developing Countries; 5 Crises and Bilateral Exports: Cross-Sectoral Differences in Resilience; E: Cross-Industry Differences in Resilience; 6 Crises and Bilateral Exports: Cross-Industry Differences in Resilience; VI: Robustness Checks; A: Controlling for Endogeneity | |
| 505 | 8 | |a 7 Crises and Bilateral Exports: Dealing with EndogeneityB: Controlling for Outliers; C: Sensitivity to the Number of Importers; VII: Concluding Remarks; References; Appendices; 8 Source and Definition of the Variables; 9 Financial Dependence Across Industries; 10 Summary Statistics for the Main Variables; 11 Results of the Probit Regression to Generate Inverse Mills Ratio; 12 Crises and Bilateral Exports: Using the System GMM Estimator; 13 Crises and Bilateral Exports: Excluding Potential Influential Observations; 14 Crises and Bilateral Exports: Sensitivity to the Number of Importers | |
| 505 | 8 | |a Cover; Contents; I: Introduction; II: Empirical Literature; III: Banking Crises, Liquidity Shocks, and Trade Flows: A Simple Model; A: Model Setup; 1 Households; 2 Firms; B: Autarky Equilibrium; C: Trade Equilibrium; IV: Empirical Strategy; A: Econometric Approach; B: Data; V: Main Results; Tables; 1 Correlation Between Bilateral Exports and Banking Crises; Figures; 1 Number of Countries Experiencing a Banking Crisis (Starting Date); A: Banking Crises and Bilateral Exports; 2 The Effect of Banking Crises on Bilateral Exports; B: Differences in Resilience Across Countries and Regions | |
| 520 | 3 | |a This paper investigates whether banking crises are associated with declines in bilateral exports. We first develop a simple open economy model in which banking crises translate into negative liquidity shocks, leading to collapses in exports through supply-side and demand-side shocks. We then estimate a gravity model using a sample of developed and developing countries over the period 1988-2010. The results suggest that crisis-hit countries experience lower levels of bilateral exports, particularly in developing countries where supply-side shocks are found to be relatively more important than demand shocks. In developing countries, exports of manufactured goods are disproportionately hurt by banking crises and this negative effect is stronger in industries relying more on external finance. These findings are robust to correcting for potential endogeneity, to changes in the sample, and to alternative estimation methods | |
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Datensatz im Suchindex
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| author | Kiendrebeogo, Youssouf |
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| contents | 2 Evolution of the Effects of Banking Crises on Bilateral Exports in 1988-2010: Annual Estimates3 Differences in Resilience Across Countries and Regions; C: Emphasizing the Role of Institutions; 4 Crises and Bilateral Exports: The Role of Institutional Quality; D: Cross-Sectoral Differences in Resilience in Developing Countries; 5 Crises and Bilateral Exports: Cross-Sectoral Differences in Resilience; E: Cross-Industry Differences in Resilience; 6 Crises and Bilateral Exports: Cross-Industry Differences in Resilience; VI: Robustness Checks; A: Controlling for Endogeneity 7 Crises and Bilateral Exports: Dealing with EndogeneityB: Controlling for Outliers; C: Sensitivity to the Number of Importers; VII: Concluding Remarks; References; Appendices; 8 Source and Definition of the Variables; 9 Financial Dependence Across Industries; 10 Summary Statistics for the Main Variables; 11 Results of the Probit Regression to Generate Inverse Mills Ratio; 12 Crises and Bilateral Exports: Using the System GMM Estimator; 13 Crises and Bilateral Exports: Excluding Potential Influential Observations; 14 Crises and Bilateral Exports: Sensitivity to the Number of Importers Cover; Contents; I: Introduction; II: Empirical Literature; III: Banking Crises, Liquidity Shocks, and Trade Flows: A Simple Model; A: Model Setup; 1 Households; 2 Firms; B: Autarky Equilibrium; C: Trade Equilibrium; IV: Empirical Strategy; A: Econometric Approach; B: Data; V: Main Results; Tables; 1 Correlation Between Bilateral Exports and Banking Crises; Figures; 1 Number of Countries Experiencing a Banking Crisis (Starting Date); A: Banking Crises and Bilateral Exports; 2 The Effect of Banking Crises on Bilateral Exports; B: Differences in Resilience Across Countries and Regions |
| ctrlnum | (ZDB-1-IMF)768413133 (OCoLC)855906841 (DE-599)GBV768413133 |
| format | Electronic eBook |
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| id | DE-604.BV048341460 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:13Z |
| indexdate | 2024-07-10T09:35:20Z |
| institution | BVB |
| isbn | 9781475576276 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033720727 |
| oclc_num | 855906841 |
| open_access_boolean | |
| owner | DE-20 DE-824 DE-70 DE-155 DE-BY-UBR DE-29 DE-22 DE-BY-UBG DE-473 DE-BY-UBG DE-1102 DE-703 DE-859 DE-706 DE-384 DE-860 DE-19 DE-BY-UBM DE-739 DE-355 DE-BY-UBR DE-Aug4 DE-1049 DE-12 DE-91 DE-BY-TUM |
| owner_facet | DE-20 DE-824 DE-70 DE-155 DE-BY-UBR DE-29 DE-22 DE-BY-UBG DE-473 DE-BY-UBG DE-1102 DE-703 DE-859 DE-706 DE-384 DE-860 DE-19 DE-BY-UBM DE-739 DE-355 DE-BY-UBR DE-Aug4 DE-1049 DE-12 DE-91 DE-BY-TUM |
| physical | 1 Online-Ressource (40 Seiten) graph. Darst |
| psigel | ZDB-1-IMF |
| publishDate | 2013 |
| publishDateSearch | 2013 |
| publishDateSort | 2013 |
| publisher | IMF |
| record_format | marc |
| series2 | IMF working paper |
| spelling | Kiendrebeogo, Youssouf Verfasser aut How do banking crises affect bilateral exports? Youssouf Kiendrebeogo Washington, DC IMF 2013 1 Online-Ressource (40 Seiten) graph. Darst txt rdacontent c rdamedia cr rdacarrier IMF working paper 13/150 Description based upon print version of record 2 Evolution of the Effects of Banking Crises on Bilateral Exports in 1988-2010: Annual Estimates3 Differences in Resilience Across Countries and Regions; C: Emphasizing the Role of Institutions; 4 Crises and Bilateral Exports: The Role of Institutional Quality; D: Cross-Sectoral Differences in Resilience in Developing Countries; 5 Crises and Bilateral Exports: Cross-Sectoral Differences in Resilience; E: Cross-Industry Differences in Resilience; 6 Crises and Bilateral Exports: Cross-Industry Differences in Resilience; VI: Robustness Checks; A: Controlling for Endogeneity 7 Crises and Bilateral Exports: Dealing with EndogeneityB: Controlling for Outliers; C: Sensitivity to the Number of Importers; VII: Concluding Remarks; References; Appendices; 8 Source and Definition of the Variables; 9 Financial Dependence Across Industries; 10 Summary Statistics for the Main Variables; 11 Results of the Probit Regression to Generate Inverse Mills Ratio; 12 Crises and Bilateral Exports: Using the System GMM Estimator; 13 Crises and Bilateral Exports: Excluding Potential Influential Observations; 14 Crises and Bilateral Exports: Sensitivity to the Number of Importers Cover; Contents; I: Introduction; II: Empirical Literature; III: Banking Crises, Liquidity Shocks, and Trade Flows: A Simple Model; A: Model Setup; 1 Households; 2 Firms; B: Autarky Equilibrium; C: Trade Equilibrium; IV: Empirical Strategy; A: Econometric Approach; B: Data; V: Main Results; Tables; 1 Correlation Between Bilateral Exports and Banking Crises; Figures; 1 Number of Countries Experiencing a Banking Crisis (Starting Date); A: Banking Crises and Bilateral Exports; 2 The Effect of Banking Crises on Bilateral Exports; B: Differences in Resilience Across Countries and Regions This paper investigates whether banking crises are associated with declines in bilateral exports. We first develop a simple open economy model in which banking crises translate into negative liquidity shocks, leading to collapses in exports through supply-side and demand-side shocks. We then estimate a gravity model using a sample of developed and developing countries over the period 1988-2010. The results suggest that crisis-hit countries experience lower levels of bilateral exports, particularly in developing countries where supply-side shocks are found to be relatively more important than demand shocks. In developing countries, exports of manufactured goods are disproportionately hurt by banking crises and this negative effect is stronger in industries relying more on external finance. These findings are robust to correcting for potential endogeneity, to changes in the sample, and to alternative estimation methods Systemvoraussetzungen: Acrobat Reader Electronic books http://elibrary.imf.org/view/IMF001/20607-9781475576276/20607-9781475576276/20607-9781475576276.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Kiendrebeogo, Youssouf How do banking crises affect bilateral exports? 2 Evolution of the Effects of Banking Crises on Bilateral Exports in 1988-2010: Annual Estimates3 Differences in Resilience Across Countries and Regions; C: Emphasizing the Role of Institutions; 4 Crises and Bilateral Exports: The Role of Institutional Quality; D: Cross-Sectoral Differences in Resilience in Developing Countries; 5 Crises and Bilateral Exports: Cross-Sectoral Differences in Resilience; E: Cross-Industry Differences in Resilience; 6 Crises and Bilateral Exports: Cross-Industry Differences in Resilience; VI: Robustness Checks; A: Controlling for Endogeneity 7 Crises and Bilateral Exports: Dealing with EndogeneityB: Controlling for Outliers; C: Sensitivity to the Number of Importers; VII: Concluding Remarks; References; Appendices; 8 Source and Definition of the Variables; 9 Financial Dependence Across Industries; 10 Summary Statistics for the Main Variables; 11 Results of the Probit Regression to Generate Inverse Mills Ratio; 12 Crises and Bilateral Exports: Using the System GMM Estimator; 13 Crises and Bilateral Exports: Excluding Potential Influential Observations; 14 Crises and Bilateral Exports: Sensitivity to the Number of Importers Cover; Contents; I: Introduction; II: Empirical Literature; III: Banking Crises, Liquidity Shocks, and Trade Flows: A Simple Model; A: Model Setup; 1 Households; 2 Firms; B: Autarky Equilibrium; C: Trade Equilibrium; IV: Empirical Strategy; A: Econometric Approach; B: Data; V: Main Results; Tables; 1 Correlation Between Bilateral Exports and Banking Crises; Figures; 1 Number of Countries Experiencing a Banking Crisis (Starting Date); A: Banking Crises and Bilateral Exports; 2 The Effect of Banking Crises on Bilateral Exports; B: Differences in Resilience Across Countries and Regions |
| title | How do banking crises affect bilateral exports? |
| title_auth | How do banking crises affect bilateral exports? |
| title_exact_search | How do banking crises affect bilateral exports? |
| title_exact_search_txtP | How do banking crises affect bilateral exports? |
| title_full | How do banking crises affect bilateral exports? Youssouf Kiendrebeogo |
| title_fullStr | How do banking crises affect bilateral exports? Youssouf Kiendrebeogo |
| title_full_unstemmed | How do banking crises affect bilateral exports? Youssouf Kiendrebeogo |
| title_short | How do banking crises affect bilateral exports? |
| title_sort | how do banking crises affect bilateral exports |
| url | http://elibrary.imf.org/view/IMF001/20607-9781475576276/20607-9781475576276/20607-9781475576276.xml |
| work_keys_str_mv | AT kiendrebeogoyoussouf howdobankingcrisesaffectbilateralexports |