Athukorala, Prema-chandra; Warr, Peter G. - In: The World Economy 25 (2002) 1, pp. 33-57
Are currency crises caused by manias and panics in financial markets, or by unsustainable deteriorations in domestic macroeconomic conditions? This question is explored in the context of the recent Asian currency crisis. The theoretical concept of vulnerability is used to identify three...
