Results 21 to 30 of about 1,034,383 (335)
Household Debt Revaluation and the Real Economy: Evidence from a Foreign Currency Debt Crisis
The American Economic Review, 2020 We examine the consequences of a sudden increase in household debt burdens by exploiting variation in exposure to household foreign currency debt during Hungary’s late-2008 currency crisis.
Emil Verner, Gyozo Gyongyosi
semanticscholar +1 more source
Perspectives on the Recent Currency Crisis Literature [PDF]
International Journal of Finance & Economics, 1998 In the 1990s, currency crises in Europe, Mexico, and Asia have drawn worldwide attention to speculative attacks on government-controlled exchange rates and have prompted researchers to undertake new theoretical and empirical analysis of these events. This paper provides some perspective on this work and relates it to earlier research.
Nancy P. Marion, Robert P Flood
openaire +4 more sources
Exchange Rate Mechanism II and the risk of currency crisis – empiricism and theory
Journal of International Students, 2019 Currency participation in ERM II is conditional on the introduction of the fixed exchange rate regime. A fixed exchange rate is more at risk from a currency crisis than a flexible exchange rate.
Mojmír Helísek
semanticscholar +1 more source
Jurnal Ekonomi dan Studi Pembangunan, 2021 Many times ASEAN countries experienced economic crisis in 1997/1998 and financial crisis in 2008. The similar patterns of cisis among those countries make some researchers conduct research of single currency unification.
Feri Dwi Riyanto +2 more
doaj +1 more source
Dynamic hedging in currency crisis [PDF]
Economics Letters, 1997 Garber and Spencer have argued that dynamic hedging may lead to perverse results when interest rates are used to defend an exchange rate. This paper shows that interest rate changes have little effects on dynamic hedgers when volatility is high.
openaire +3 more sources
Crisis, Globalisation, Global Currency
Procedia Economics and Finance, 2015 AbstractConsidering globalisation a societal reforming towards a single governing model as the best one ever experienced by the world, we see that globalisation still has a long way to go, on one hand, for sharing the same values (we are now facing severe setbacks – the Ukrainian crisis) and, on the other hand, for full globalisation, it should ...
Napoleon Pop, Ioan-Franc Valeriu
openaire +2 more sources
Spot and foward market intervention during the 1997 Korean currency crisis
PSL Quarterly Review, 2012 This study shows that, among the two crisis periods of 1997, January-March and September-November, the spot market interventions were effective in stabilizing the Korean currency in the first period, whereas there is no evidence that the forward market ...
Woosik Moon, Yeongseop Rhee
doaj +1 more source
Foreign currency borrowing, exports and firm performance: evidence from a currency crisis
, 2018 This paper develops a simple signaling model of foreign currency borrowing that yields predictions about firm survival and performance during a currency crisis. Using a large panel of firm level data for South Korea we offer empirical support for many of
S. Bougheas +4 more
semanticscholar +1 more source
Currency Compositions of International Reserves and the Euro Crisis [PDF]
Open Economies Review, 2022 During recent years, central banks have increased the levels of their international reserves at an unprecedented pace. In this paper, we introduce new country-specific reserve data and examine determinants of the composition of inter- national reserves.
Falk Hendrik Laser, Jan Weidner
openaire +3 more sources
Real effective exchange rate misalignment and currency crisis in Iran
Future Business Journal, 2023 This study aimed to examine real effective exchange rate (REER) misalignment in Iran and its relation to the currency crisis. The behavioral equilibrium exchange rate was employed to calculate the equilibrium exchange rate (EER), and misalignment was ...
Mohammad Hassanzadeh, Shahla Mousavi
doaj +1 more source