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The efficiency of early warning indicators for financial crises
Rabe, Jens Michael - 2000
potentialearly warning indicators that are suggested by theory. Alongsideothers, these candidate indicators are tested in …
Persistent link: https://www.econbiz.de/10009471830
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Finanzmarktkrisen und Ansteckungseffekte
Liesenfeld, Stefanie - 2007
Die Dissertation beschreibt und systematisiert verschiedene Krisenbegriffe sowie den Begriff des Ansteckungseffekts. Es wird ein Literaturüberblick gegeben über theoretische und empirische Studien zu Ansteckungseffekten auf Finanzmärkten. Ein theoretisches Modell beschreibt einen denkbaren...
Persistent link: https://www.econbiz.de/10009475333
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Die besondere Problematik von Währungskrisen in Emerging Market Economies
Huth, Matthias - 2006
crisis is considered additional. Other relevant factors are the trend in money supply and central bank lending during the … crisis. The findings reveal the key role that the domestic central bank plays in the evolution of the crisis, usingthese … factors. If the domestic central bank fails to curb the expansion of money supply, inflation, and central bank lending to the …
Persistent link: https://www.econbiz.de/10009448912
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A comprehensive approach for currency crises theories stressing the role of the anchor country
Ganz, Verena - 2008
domestic central bank. The result is a trade-off between an expansionary monetary policy that is focused on the internal … imbalance inevitably results in a currency crisis. Altogether, this theory argues with a disrupted external balance on the … for the stability of fixed exchange rate systems, in exchange rate theory as well as in empirical observations. Altogether …
Persistent link: https://www.econbiz.de/10009433694
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How To Avoid Self-fulfilling Crises
Boinet, V - 2002
Obstfeld (1994) shows that a currency crisis can be explained by the occurrence of multiple equi-libria (2 interior equilibria). For the same level of economic fundamentals, it may be optimal forthe government either to devalue or to maintain the peg. The decision depends on the...
Persistent link: https://www.econbiz.de/10009465475
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Prospective Deficits and the Asian Currency Crisis
Burnside, Craig; Eichenbaum, Martin; Rebelo, Sergio - 2001
This paper argues that the recen Southeast Asian currency crisis was caused by large prospective deficits associated with implicit bailout guarantees to failing banking systems. We articulate this view using a simple dynamic general equilibrium model whose key feature is that a speculativ attack...
Persistent link: https://www.econbiz.de/10009475593
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CURRENCY CRISES IN GEORGIA: A MULTIVARIATE LOGIT MODEL
Keshelava, Davit - 2021
After the collapse of the Bretton Woods system, developing countries, including Georgia, experienced several currency crises followed by severe recessions and deteriorated macroeconomic stability. This creates incentives for policymakers to predict currency crises in a timely manner, and avoid...
Persistent link: https://www.econbiz.de/10012522059
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An empirical analysis of current account data
Christian Aßmann - 2009
This thesis analyzes certain aspects of the current account balance and its relationship to economic growth. Employing recently developed statistical and econometric techniques for estimation of non linear models, crises phenomena connected to the balance of payments are focused. The analysis of...
Persistent link: https://www.econbiz.de/10009428990
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Currency Crises and Monetary Policy in an Economy with Credit Constraints
Banerjee, Abhijit; Bacchetta, Philippe; Aghion, Philippe - 2001
Economics
Persistent link: https://www.econbiz.de/10009432011
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The contagious currency crises
Tskhadadze, Keti - 2019
The purpose of this paper is to analyze the contagious currency crisis, which is characterized by regional nature. As the changing of the economic circumstances in one country does affect on the other country’s economy, it is important to analyze some direct and indirect effects. The currency...
Persistent link: https://www.econbiz.de/10012064039