TY - JOUR AU - Ma,Zihui AU - Cheng,Leonard TI - The Effects of Financial Crises on International Trade JF - National Bureau of Economic Research Working Paper Series VL - No. 10172 PY - 2003 Y2 - December 2003 UR - http://www.nber.org/papers/w10172 L1 - http://www.nber.org/papers/w10172.pdf N1 - Author contact info: Zihui Ma Renmin University of China School of Economics Beijing, 100872 P.R. China E-Mail: mazihui@gmail.com Leonard Cheng Hong Kong University of Science and Technology Department of Economics Clear Water Bay Kowloon, Hong Kong, CHINA E-Mail: leonard@ust.hk M1 - published as Zihui Ma, Leonard Cheng. "The Effects of Financial Crises on International Trade," in Takatoshi Ito and Andrew K. Rose, editors, "International Trade in East Asia, NBER-East Asia Seminar on Economics, Volume 14" University of Chicago Press (2005) AB - This paper studies empirically the effects of financial crises on international trade. The major findings are that banking crises had a negative impact on imports but a positive impact on exports in the short term, whereas currency crises decreased imports in the short term and stimulated exports in the longer term. ER -