WORKING PAPER SERIES
NO 1226 / JULY 2010
In 2010 all ECB publicationsfeature a motif taken from the €500 banknote.
CHRONICLE OFCURRENCY COLLAPSESRE-EXAMINING THEEFFECTS ON OUTPUT
by Matthieu Bussière
, Sweta C. Saxena
and Camilo E. Tovar
1 This is a revised version of a paper previously entitled: “Chronicle of large currency devaluations: re-examining the effects on output”.The views expressed are solely the responsibility of the authors and do not necessarily reflect those of the Bank for International Settlements (BIS), the International Monetary Fund (IMF), the Bank of France or the Eurosystem.2 Banque de France, 31 rue Croix des petits champs, 75001 Paris, France; e-mail: firstname.lastname@example.org 3 International Monetary Fund (IMF), 700 19th Street, N.W., Washington DC 20431, USA; e-mail: email@example.com 4 Bank for International Settlements (BIS), Centralbahnplatz 2, CH - 4002 Basel, Switzerland; e-mail: firstname.lastname@example.org
This paper can be downloaded without charge from http://www.ecb.europa.eu or from the Social ScienceResearch Network electronic library at http://ssrn.com/abstract_id=1633405.
NOTE: This Working Paper should not be reported as representingthe views of the European Central Bank (ECB).The views expressed are those of the authorsand do not necessarily reflect those of the ECB.