Sand-Zantman, Alain; Trotignon, Jérôme - In: Revue de l'OFCE 83 (2002) 4, pp. 291-324
Based on the theoretical literature on currency crisis, this paper analyses the heritage of F.H.Cardoso?'s two mandates. Hyper-inflation has been defeated. But recent Asian and Russian crisis have brought about the collapse of the currency peg and a huge depreciation. After a fast recovery, the...