currency crisis
An Early Warning System for Currency Crisis: A Comparative Study for the Case of Jordan and Egypt
... a currency crisis, which is normally considered as part of a financial ...define currency crises as when a weighted average of monthly percentage depreciations in the exchange rate and monthly ...
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Assessing Indicators of Currency Crisis in Ethiopia: Signals Approach
... local currency or loss of foreign exchange reserves, are common incidents in modern monetary ...economies, currency crises in low-income countries have not received due ...assesses currency ...
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Financial Fragility and Currency Crisis: a Macrodynamical Revisitation of the Argentina’s Experience
... a currency board arrangement. Our aim is to explainca financial crisis as the outcome of an endogenous process where foreign finance and profitability expectations interact procyclically: foreign-debt ...
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A case study of a currency crisis: the Russian default of 1998
... a crisis. They suggest that a currency crisis is brought on by a combination of high debt, low foreign reserves, falling government revenue, increasing expectations of devaluation, and domestic ...
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Twin Crises in Turkey: A Comparison of Currency Crisis Models
... In the previous section, we used an example in which the government’s main concern was a rise in the rate of unemployment. In that model, it was the level of unemployment that forced the government to devalue (to ...
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Carry Trade, Forward Premium Puzzle and Currency Crisis
... on currency bubble and the possibility that a sudden unwinding of carry trade might give cause to currency ...that currency carry trade have been a driving force behind exchange rate movements in the ...
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Mis-Leading Indicators?: The Argentinean Currency Crisis
... possible currency crisis within the crisis window. This crisis window is set at 24 months, which means that within this period the indicators should be able to anticipate ...
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The Dynamics of Fundamentals in Currency Crisis in Indonesia and Malaysia
... of currency crisis have evolved from the first generation models such as Krugman (1979) and Agenor et ...the currency, which forces the abandonment of the fixed exchange ...generation currency ...
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A Dynamic Cross Contagion Model of Currency Crisis between Two Countries
... the currency crisis is an important research issue ...of currency crisis cross contagions between two countries by expanding general- ized logistics model, and analyze all kinds of possible ...
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Early Detection of Indonesia’s Vulnerability to Currency Crisis
... of currency crisis and indicators of currency crisis vulnerability, must be known in ...The currency crisis can be identified using the exchange market pressure index (EMPI), so ...
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Real and Financial Shocks, Exchange Rate Regimes and the Probability of a Currency Crisis
... a currency crisis, whereas a negative productivity shock is also associated with a higher probability of a ...severe currency crises, and the significance level increases from 5% to ...
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Indicators of Currency Crisis: Empirical Analysis of some Emerging and Transition Economies
... If we were to characterize the pre-crisis vulnerability by the reserves to short-term debt ratio, Mexico, Korea, Indonesia, Russia, Bulgaria, and Thailand would be among most severely affected, with international ...
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Economic growth and currency crisis: A real exchange rate entropic approach
... financial crisis has received much attention in recent ...banking crisis in developed and, especially, in developing ...of currency crisis, see Kaminsky, Lizondo and Reinhart (1998) and Abiad ...
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Prospective deficits and the Asian currency crisis
... This paper focused on the role played by large prospective de…cits in the Asian currency crisis. Our basic argument is simple: absent the political will to raise taxes or cut spending, governments have to ...
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Sources of Currency Crisis: An Empirical Analysis
... But what about speculation? Figures 3 and 4 show that for the more freely floating economies, the U.K. and the U.S., the speculative component of nominal exchange rate movements is neglectable. Thus, as suggested by the ...
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Economic Sanctions, Speculative Attacks and Currency Crisis
... of currency crisis in Iranian economy are: expanding trade policy followed with more the rest of the world and exported more through the devaluation, Controlling capital inflows through restriction on the ...
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Egypt Currency Crisis: Analysis of the Causes
... The currency can be improved against the US dollar, yet it still stands at 15-17 EGP which means prices will not drop ...the currency against all foreign currencies as part of a package of economic reforms ...
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The 1994 currency crisis in Turkey
... As a result of Turkey's currency crisis in 1994, output Celasun argues that huge requirements for public fell 6 percent, inflation rose to three-digit levels, the sector borrowin[r] ...
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Zimbabwe’s Currency Crisis: Which Currency To Adopt In The Aftermath Of The Multi Currency Regime?
... Zimbabwe’s Currency Crisis: Which Currency To Adopt In The Aftermath Of The Multi-Currency Regime?. Makochekanwa, Albert..[r] ...
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Currency crisis strains solidarity. European Community. No. 146, June 1971
... Latin American aims include: • improved access to the Common Market for raw materials and manufactured goods • a study of the effects of the common agricultural policy on Latin America •[r] ...
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