TY - BOOK ID - 84542912 TI - How Does Trade Evolve in the Aftermath of Financial Crises? AU - Abiad, Abdul. AU - Mishra, Prachi. AU - Topalova, Petia. AU - International Monetary Fund. PY - 2011 SN - 1462361773 1455239763 128356016X 9786613872616 1455214906 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - International trade KW - Imports KW - Exports KW - Econometric models. KW - Banks and Banking KW - Econometrics KW - Exports and Imports KW - Financial Risk Management KW - Trade: General KW - Financial Crises KW - Econometric Modeling: General KW - International economics KW - Economic & financial crises & disasters KW - Econometrics & economic statistics KW - Financial crises KW - Gravity models KW - Banking crises KW - Econometric analysis KW - Econometric models KW - United States UR - https://www.unicat.be/uniCat?func=search&query=sysid:84542912 AB - We analyze trade dynamics following past episodes of financial crises. Using an augmented gravity model and 179 crisis episodes from 1970-2009, we find that there is a sharp decline in a country’s imports in the year following a crisis-19 percent, on average-and this decline is persistent, with imports recovering to their gravity-predicted levels only after 10 years. In contrast, exports of the crisis country are not adversely affected, and they remain close to the predicted level in both the short and medium-term. ER -