Is there a relationship between fiscal sustainability and currency crises? : international evidence based on causality tests

Alexis Cruz-Rodriguez

This paper uses Granger causality tests on a fiscal sustainability indicator (FSI) and currency crises for 17 countries to evaluate the direction of causality between the FSI and currency crises. The FSI developed by Croce and Juan-Ramón (2003) is used. Also, different definitions for currency crises are used to evaluate whether they induce different results in the analysis. In general, the results suggest evidence of causality between the lagged FSI and currency crises.

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Year of publication:	2014
Authors:	Cruz-Rodriguez, Alexis
Published in:	International journal of economic sciences and applied research : IJESAR. - Kavala : Inst., ISSN 1791-3373, ZDB-ID 2455837-0. - Vol. 7.2014, 1, p. 69-87
Subject:	Currency crisis \| foreign exchange \| fiscal sustainability \| Granger causality \| Währungskrise \| Kausalanalyse \| Causality analysis \| Finanzpolitik \| Fiscal policy \| Haushaltsdefizit \| Budget deficit \| Welt \| World \| Nachhaltigkeit \| Sustainability

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Extent:	graph. Darst.
Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Notes:	Systemvoraussetzung: Acrobat Reader
Other identifiers:	hdl:10419/114605 [Handle]
Classification:	F31 - Foreign Exchange ; F33 - International Monetary Arrangements and Institutions ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10010459806