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Recent Issues in the Asian Currency Crisis
East Asian Economic Review, 1998 Since the outbreak of the Asia exchange rate crisis last year, different analysts have attempted to analyze and explain the reason and the development of the crisis theoretically.
Jae Joon Lee
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Alternative interpretations of a stateless currency crisis [PDF]
Cambridge Journal of Economics, 2017 A number of economists warned that a political union was a prerequisite for a viable currency union. This paper disputes the feasibility of such a political union. A fully fledged federal union, which would likely please peripheral Europe, is impracticable since it implies a degree of fiscal solidarity that does not exist.
S. Cesaratto
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In Search for a Measure of Currency Misalignment: the Case of the 1997 Asian Currency Crisis
East Asian Economic Review, 2000 The paper searches for an appropriate measure of currency misalignment in light of the 1997 Asian currency crisis. A couple of measures of currency misalignment, one based on purchasing power parity and the other based on equilibrium real exchange rate ...
Daekeun Park
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Prospective Deficits and the Asian Currency Crisis [PDF]
Journal of Political Economy, 2001 This paper argues that a principal cause of the 1997 Asian currency crisis was large prospective deficits associated with implicit bailout guarantees to failing banking systems. The expectation that these future deficits would be at least partially financed by seigniorage revenues or an inflation tax on outstanding nominal debt led to a collapse of the
Craig Burnside +2 more
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, 2019 Financial crises are nothing new in the annals of history of the capitalistic path of economic development; indeed, they are part of business cycle. The theoretical basis for this is well entrenched in the concept of ‘Keynesian Cross’. Tales of crises date back centuries, but have taken a new turn as the race for more globalization goes on, which ...
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The international currency crisis
South African Journal of Business Management, 1971 No abstract available.
F. J.C. Cronje
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Hedge Funds and the Asian Currency Crisis of 1997 [PDF]
SSRN Electronic Journal, 1998 We test the hypothesis that hedge funds were responsible for the crash in the Asian currencies in late 1997. To do so, we develop estimates of the changing positions of the largest ten currency funds in one currency, the Malaysian ringgit and to a basket of Asian currencies.
Stephen Brown +2 more
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The Asian currency crisis: a fait accompli? [PDF]
, 2000 This paper analyzes the East Asian Currency Crisis to examine what factors led to the crisis and the differential impact across countries. Empirical data of 7 Asian countries over the period 1990 – 1996 is examined. The sample of seven countries is divided into two categories; crisis countries and affected countries.
A fait aompli Obiyathulla Ismath Bacha
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On Argentina’s Currency Crisis of 2018
Lecturas de Economía, 2020 In this note, we discuss the Argentinian crisis initiated in 2018. We identify the roots and contributing factors and provide comments on what may develop going forward.
Ramon Amadeo Castillo-Ponce, Kon Lai
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An Optimum Currency Crisis [PDF]
The European Journal of Comparative Economics, 2014 This paper presents an ex-post assessment of the current situation of the EMU in light of the conditions prescribed by the theory of Optimum Currency Areas (OCA). The analysis shows that some of those conditions were satisfied at the inception of the EMU,
Paolo Pasimeni
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