Results 11 to 20 of about 162,901 (338)
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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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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Contagious Currency Crises [PDF]
This paper is concerned with the fact that the incidence of speculative attacks tends to be temporally correlated; that is, currency crises appear to pass contagiously from one country to another. The paper provides a survey of the theoretical literature,
Andrew K. Rose +2 more
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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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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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Currency boards and currency crises [PDF]
This paper demonstrates how a currency board can become vulnerable to a crisis in which the policymaker is forced to devalue. The model is built from two blocks: first, incomplete information about the devaluation cost faced by the policymaker; and second, unemployment persistence. Incomplete information can result in multiple equilibria.
openaire +4 more sources
Corporate Currency Hedging and Currency Crises [PDF]
We examine the impact of corporate currency hedging on economic stability by introducing hedging activity in a Mundell-Fleming-Tobin framework for analyzing currency and financial crises. The ratio between hedged and unhedged firms is modelled depending on firm size as well as hedging costs.
Andreas Röthig +2 more
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Corporate Leverage And Currency Crises [PDF]
Currency crises can arise because it is optimal to bail out financially distressed exporting firms through a currency depreciation. Exporting firms will not undertake profitable investments when high leverage causes debt overhang problems. A currency depreciation increases the profitability of new investments when revenues are foreign-currency ...
Bris, Arturo, Koskinen, Yrjo
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Currency crises in EU candidate countries: An early warning system approach [PDF]
The purpose of this paper is to develop an econometric model of early warning system (EWS) for predicting currency crises in EU candidate countries.
Bucevska Vesna
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