Currency crises

An Early Warning System for Currency Crises in Emerging Countries

The marginal effect of this variable is 0.0000224. This means that, ceteris paribus, when the ratio of short-term debt to GDP increases by 1 ...

Asian Financial Crisis: Causes, Response, Lessons Learned

The Asian financial crisis was a series of currency devaluations and other events that spread through many Asian markets beginning in the summer of 1997.

A Monetary-Fiscal Theory of Sudden Inflations and Currency Crises

Treating nominal government bonds like other bonds leads to a new theory of sudden inflations and currency crises. Holmstrom (2015) and Gorton ( ...

Theoretical Aspects of Currency Crises

In the very recent 1990s, financial crises have occurred in Europe (the 1992–93 crises in the. European Monetary System's exchange rate mechanism, ERM), Latin ...

The impact of currency crises on economic growth and foreign direct ...

In this paper, the discussion centers on the possible effects of currency crises on different economic indicators, with special attention to economic growth ...

Course Description: Currency Crashes in Emerging Markets

The class will begin by defining a currency crisis and what its impact on an economy and society is. ... -Introduction of the concept of currency crises, and how ...

1This paper was prepared for the NBER Currency Crises Prevention ...

crises, and 12.3 percent for countries that experienced currency crises. These impact effects were much larger than those corresponding to average crises ...

Lessons from the Asian Currency Crises(Summary) - 財務省

The currency crisis and economic turmoil, which began in Thailandin July 1997, rapidly spread to neighboring countries.

Currency crises, over-leverage and low rates – potential drivers of a ...

Our research showed that gold bull markets are most likely to develop during global currency crises, bond bull markets, commodity bull markets or a combination ...

What currency crises can teach us about cryptocurrency

In this blog post, Dean Sevin Yeltekin uses foreign currency crises as a framework for understanding the risks and disadvantages built into ...

Understanding the Korean and Thai currency crises

We concentrate on the Korean and Thai cases both because their crises were severe and because neither country appeared to be a likely candidate for a currency ...

Financial and currency crises in Latin America - INCT/PPED

Given the fixed exchange rate, the RER appreciated and current account deficit soared. This dynamic finally led to a severe a financial and external debt crisis ...

Currency crises and contingent liabilities - DukeSpace

A contingent liability is a future spending commitment that is realized with some probability. International organizations emphasize the dangers of ...

Currency Crisis Meaning + Real Examples | Signs, Causes ...

Key Highlights · A currency crisis occurs when a country's currency loses a significant amount of its value, typically over a short period. · It ...

Sterling crisis: what are the historical precedents?

A currency crisis is therefore defined as a 'speculative attack' on the currency, and it results in either a large, discrete decline in the ...

Are emerging market currency crises predictable? A test

(2003) find that, especially in emerging markets, currency crises have occurred during the last three decades more often under de facto less rigid exchange rate ...

Default, Currency Crises, and Sovereign Credit Ratings

Hence if credit ratings are forward-looking and currency crises in emerging market economies are linked to defaults, it follows that downgrades in credit ...

Institutions, Expectations, and Currency Crises - jstor

Academic interest in the causes of currency crises has exploded in the past decade as speculative attacks have toppled the currencies of countries as ...

Currency crises - (International Economics) - Fiveable

Currency crises occur when a country's currency experiences a sudden and severe depreciation, leading to a loss of investor confidence and often resulting in ...

Nigeria's currency crisis is decades in the making - The Economist

Because Nigeria is dependent on imports, its weaker currency is pushing the annual inflation rate towards a three-decade high at almost 30%.