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The impact of currency crises on economic growth and foreign direct investment: The analysis of emerging and developing economies [PDF]
Russian Journal of Economics, 2019 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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Corporate Leverage and Currency Crises [PDF]
Journal of Financial Economics, 2000 This paper provides an explanation of currency crises based on an argument that bailing out financially distressed exporting firms through a currency depreciation is ex-post optimal. Exporting firms have profitable investment opportunities, but they will not invest because high leverage causes debt overhang problems. The government can make investments
Arturo Bris, Yrjo J Koskinen
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Neural Networks for Estimating Speculative Attacks Models
Entropy, 2021 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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Currency boards and currency crises [PDF]
Oxford Economic Papers, 2004 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.
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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 ...
Rodrigo O. Valdes, Ilan Goldfajn
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Corporate Currency Hedging and Currency Crises [PDF]
, 2009 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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IMF Working Papers, 2000 The paper seeks to identify common characteristics among a variety of macroeconomic and financial variables for a large sample of currency crises in industrial countries and emerging market economies. It covers crises which culminated in large currency depreciation as well as those in which there was a substantial loss of foreign reserves. The analysis
Ranil M Salgado +2 more
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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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PARA KRİZLERİ: TÜRKİYE'DE YAŞANMIŞ KRİZLERİN DEĞERLENDİRİLMESİ
Journal of Business Administration and Social Studies, 2021 International capital markets have been affected by several economic and financial crises since the late 1980s. Rapid capital acount liberalization increased the vulnerability of developing countries with weak fundemantais and /or underdeveloped ...
Ayşe Çelikel DANIŞOĞLU
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Currency crises in EU candidate countries: An early warning system approach [PDF]
Panoeconomicus, 2015 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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