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Currency Crises in Developed and Emerging Market Economies :, A Comparative Empirical Treatment, Thomson Fontaine

Abstract
This paper takes a step in empirically testing the implications of a number of theoretical models that attempt to highlight the dynamics behind currency crises. By focusing on countries with broadly disparate economic and political arrangements, the study attempts to determine the extent to which these variables matter in affecting the probabilities of currency crises occurring. The empirical findings provide support for the view that, in general, a deterioration in economic fundamentals and the pursuit of lax monetary policy can contribute to currency crises. The experiences of several emerging market economies suggests that the sustainability of exchange rate policy depends both on adequate policy responses to the shocks to the economy and on the fragility of the economic, financial, and political system
Table Of Contents
""Contents""; ""I. INTRODUCTION""; ""II. HISTORICAL PERSPECTIVE""; ""III. DISCUSSION OF THE LITERATURE5""; ""IV. EMPIRICAL ANALYSIS""; ""V. CONCLUSION""
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (38 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781452787510

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