Objetives. The study examined the relationship between nancial crisis and current account decit for the economy of Iran. Time series data was used from the period 1978 to 2011. Augmented Dickey Fuller Test used to check the stationary of the variables and found that all variables were stationary at rst dierence. Method. Johansen Co-integration used to nd the long relationship and found that variation of real exchange rates has positive eect on trade decit in long run. Findings. Error correction model indicated the convergence or divergence of the economy in short run to long run. The ECM results showed that 51% convergence occur within year. Originality/Value. Present Paper, estimates the eects of banking crises and currency crises on imports and exports. The estimated results can be used to predict the impact of nancial crises on trade of Iran, thus providing useful information for risk management to policymakers.
کلید واژگان :Financial crisis; Current account deficit, Error correction model
ارزش ریالی : 500000 ریال
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