Understanding the Korean and Thai currency crises

This article reviews and interprets the recent currency crises in Korea and Thailand. The authors argue that a prime causes of the crises were large, unfunded government guarantees to railing financial sectors.

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Year of publication:	2000
Authors:	Burnside, Craig ; Eichenbaum, Martin ; Rebelo, Sergio
Published in:	Economic Perspectives. - Federal Reserve Bank of Chicago. - 2000, Q III, v. 25, no. 3, p. 45-60
Publisher:	Federal Reserve Bank of Chicago
Subject:	Korea \| Thailand \| Financial crises \| Money \| Deficit financing

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005499169