01648cas a2200265 a 4500 AALejournalIMF006969 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455211814 1018-5941 BD-DhAAL BD-DhAAL Abiad, Abdul. How Does Trade Evolve in the Aftermath of Financial Crises? / Abdul Abiad, Petia Topalova, Prachi Mishra. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (54 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet Mishra, Prachi. Topalova, Petia. IMF Working Papers; Working Paper ; No. 2011/003 Full text available on IMF http://elibrary.imf.org/view/journals/001/2011/003/001.2011.issue-003-en.xml IMF e-Library