Anti-Lawson’s doctrine : evidence for the last two decades
Date
2021
Authors
Papasidero, Santiago Felipe
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Sturzenegger, Federico
Journal Title
Journal ISSN
Volume Title
Publisher
Universidad de San Andrés. Departamento de Economía
Abstract
In this thesis I shed light on the relationship between current account reversals and currency crises for the last two decades. Besides, I analyze whether currency crises are associated with government and/or private deficit reversals. Using a case-control methodology, and a worldwide country sample, I find that the Lawson’s doctrine does not apply for the last two decades: The current account matters as well as the private deficit. In other words, I find that both current account and private deficits reversals occur “in the neighborhood” of currency crises.
Description
Fil: Papasidero, Santiago Felipe. Universidad de San Andrés. Departamento de Economía; Argentina.