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Federal Reserve Bank of San Francisco, Working Paper Series, 2011 A currency crisis is a speculative attack on the foreign exchange value of a currency, resulting in a sharp depreciation or forcing the authorities to sell foreign exchange reserves and raise domestic interest rates to defend the currency.
Peter B. Kenen
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CURRENCY CRISES AND CONTAGION CHANNELS IN ASIAN ECONOMIES
Buletin Ekonomi Moneter dan Perbankan, 2023 This study examines multiple transmission mechanisms that propagate and amplify shocks across Asian nations owing to financial turbulence with emphasis on global shock transmission between economies that prioritise ‘trade’ and ‘financial’ connections in ...
Tey Sheik Kyin, Lee Chin
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Are Currency Crises Predictable?
European Economic Review, 1997 This paper studies whether exchange rate expectations and overvaluations are predictors of currency crises. The results suggest that overvaluation has predictive power in explaining crises. However, although expected depreciation obtained from survey data partially takes different measures of exchange rate misalignment into consideration, expectations ...
Ilan Goldfajn, Rodrigo Valdés
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On currency crises and contagion [PDF]
International Journal of Finance & Economics, 2003 AbstractThis paper analyses the role of contagion in the currency crises in emerging markets during the 1990s. It employs a non‐linear Markov‐switching model to conduct a systematic comparison and evaluation of three distinct causes of currency crises: contagion, weak economic fundamentals, and sunspots, i.e.
Marcel Fratzscher
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The Determinants of Banking Crises and Currency Crises
East Asian Economic Review, 2005 This paper studies the factors associated with the emergence of banking crises and currency crises and the interrelationship between the two crises in 21 American, European and Asian countries in 1973~2000 using a multivariate logit econometric model.
Young Mok Bae
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Forecasting of Currency Crises in East Asia
East Asian Economic Review, 2005 In this paper, we have developed a forecasting system for currency crisis in East Asia based on a signaling approach. Our system uses 15 monthly indicators of five East Asian countries including Indonesia, Korea, Malaysia, the Philippines and Thailand ...
Chi-Young Song
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Currency crises and some theoretical approaches. Evolution of the currency crises in Romania [PDF]
Global Economic Observer, 2013 The evolution of financial-currency phenomena after the `90s and, in particular, in the last decade, has disrupted the financial-currency relationships with serious consequences on the monetary-currency balance in a series of countries with extension at regional or international level, as well as on the economic balance.
Tahereh Alexandru Olteanu +1 more
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The Causes of Currency Crises: Do Fundamentals Really Matter?
East Asian Economic Review, 2000 This paper aims to find deterministic factors of recent crisis in East Asia and Latin America by conducting empirical tests for each crisis-hit country instead of analyzing the panel data.
Seungho Lee
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Dynamics Relationship between Credit Cycles and Currency Crises in Iran with a Time Varying Parameter Vector Auto-Regression Approach [PDF]
مدلسازی اقتصادسنجی, 2023 The credit cycles have a major effect on the behavior of economic enterprises during periods of boom and recession. The change in the behavior of economic enterprises leads to its contagion to real and nominal sectors in the economy.
Yazdan Gudarzi Farahani, Omidali Adeli
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Investigating the Relationship between Currency Crises and Bank Credits in Iran using the Time-Varying Parameters Approach [PDF]
Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī, 2023 This study aims to investigate the relationship between currency crises and fluctuations in banking credits in Iran. Utilizing a time-varying coefficients approach spanning from 1989 to 2022, alongside economic boom and recession indicators, the analysis
Yazdan Gudarzi Farahani, Omidali Adeli
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