Currency crises
Currency Crisis: What It Is, Examples, and Effects - Investopedia
A currency crisis is brought on by a sharp decline in the value of a country's currency. This decline in value, in turn, negatively affects an economy by ...
A currency crisis results from chronic balance of payments deficits, and thus is also called a balance of payments crisis. Often such a crisis culminates in a ...
Lessons from history from three generations of currency crises - CEPR
This column draws lessons from three generations of currency crises since the 1980s for the current period.
Currency Crises - National Bureau of Economic Research
of the fixed exchange rate. The canonical currency crisis model, then, explains such crises as the result of a fundamental inconsistency between domestic ...
Currency Crisis - an overview | ScienceDirect Topics
A currency crisis is defined as a speculative attack on the foreign exchange value of a currency, resulting in a sharp depreciation or forcing the authorities ...
It concludes that Mexico's neglect of a competitive real exchange rate is an important factor in its relatively poorer performance. Four Similar Crises. This ...
Currency crisis models - Kellogg School of Management
There have been many currency crises during the post-war era (see Kaminsky and. Reinhart, 1999). A currency crisis is an episode in which the exchange rate ...
The Logic of Currency Crises - University of California, Berkeley
The dramatic currency crisis that culminated in the August 1993 widening of exchange-rate bands within the European Monetary System (EMS) ...
Leading Indicators of Currency Crises
Leading Indicators of Currency Crises. GRACIELA KAMINSKY, SAUL LIZONDO, and CARMEN M. REINHART*. This paper examines the empirical evidence ...
Currency Crises in Emerging Markets - Council on Foreign Relations
Currency crises, which many economists define as a swift decline of more than 20 percent of a local currency against the dollar, have hit dozens of emerging ...
Abstract: A currency crisis is a speculative attack on the foreign exchange value of a currency, resulting in a sharp depreciation or forcing ...
Currency crises: Are they all the same? - ScienceDirect
This paper contributes to the empirical literature by assessing whether the crises of the last 30 years are of different varieties.
Early warning systems for currency crises
In this paper, a currency crisis indicator, based on monthly nominal exchange rate depreciations relative to the US dollar and depletions of official reserves, ...
Currency Crisis - Definition, Signs, Inflation
A currency crisis is situation in the foreign exchange markets where a currency suddenly or unexpectedly loses value relative to other currencies.
The Economics of Currency Crises and Contagion: An Introduction
Two theories of the causes of currency crises prevail in the economic literature. The first traces currency instability to countries' structural imbalances and ...
Currency Crises and Monetary Policy in an Economy with Credit ...
7 Second, a currency crisis can also happen under a flexible exchange rate or without any signif0 icant decline in foreign exchange reserves. Third, crises may ...
Currency crises in post-Soviet economies — a never ending story?
Since the collapse of the Soviet Union, its successor states have suffered from cyclical currency crises. The most recent episode of 2014–2016 was caused by ...
Currency Crises: Is Central America Different?
Keywords: Central America, exchange rate, currency crises, financial crises. Gerardo Esquivel is an Assistant Professor of Economics at El Colegio de Mexico ...
Are Currency Crises Self-Fulfilling?
policy conclusions of new models, most of them inspired by the seminal paper of Obstfeld (1994). What differentiates the new currency-crisis literature from the ...
Currency Crises - San Francisco Fed
A currency crisis is a speculative attack on the foreign exchange value of a currency, resulting in a sharp depreciation or forcing the ...