The Determinants of Banking Crises and Currency Crises
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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Currency crises and some theoretical approaches. Evolution of the currency crises in Romania [PDF]
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 ...
Alexandru Olteanu, Madalina Radoi
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Dynamics Relationship between Credit Cycles and Currency Crises in Iran with a Time Varying Parameter Vector Auto-Regression Approach [PDF]
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]
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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Balance sheet effects in currency crises: Evidence from Brazil
In third generation currency crises models, balance sheet losses from currency depreciations propagate the crises into the real sector of the economy.
Marcio M. Janot +2 more
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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. This article discusses analytical models of the causes of currency and associated crises, presents basic measures ...
Reuven Glick, Michael M. Hutchison
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An investigation on the effect of central bank money injection on creating currency crisis [PDF]
This paper investigates the effects of different factors influencing on supplement of currency in Iran and the likelihood of currency crises. The study implements two methods of Logit and Probit to determine the likelihood of currency crises based on the
Nazi Mohamadzadeh Asl, Leila Jamshidi
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Determinants of currency crises in the Republic of Serbia [PDF]
The aim of this study is to overcome the lack of empirical research dealing with the main factors of currency crises in the Republic of Serbia, analyzing periods of currency crises and creating an early warning system to anticipate the upcoming currency ...
Ivana Marjanović, Milan Marković
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The impact of currency crises on economic growth and foreign direct investment: The analysis of emerging and developing economies [PDF]
In this paper, the discussion centers on the possible effects of currency crises on different economic indicators, with special attention to economic growth and foreign direct investment.
Nurilla Abdushukurov
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Neural Networks for Estimating Speculative Attacks Models
Currency crises have been analyzed and modeled over the last few decades. These currency crises develop mainly due to a balance of payments crisis, and in many cases, these crises lead to speculative attacks against the price of the currency. Despite the
David Alaminos +2 more
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