Results 321 to 330 of about 1,034,383 (335)

The Role of (Non)transparency in a Currency Crisis Model

SSRN Electronic Journal, 2000
This paper extends the work by Morris and Shin (1998) where multiple equilibria in the self-fulfilling currency attack models can be reduced to a unique equilibrium when agents observe fundamentals privately with small errors. We find that under a more general specification with realistic parameters, noisy private observations are generally ...
Y. Stephen Chiu, Kenneth S. Chan, Kenneth S. Chan   +2 more
openaire   +5 more sources

Uniqueness in currency crisis models

International Advances in Economic Research, 2003
Speculative attack models typically have multiple equilibrium solutions. When choosing the equilibrium strategy a trader faces Knightian uncertainty about the choice of the other traders. We show that the concept of Choquet expected utility maximization under Knightian uncertainty leads to unique equilibria.
openaire   +2 more sources

The Russian Currency Crisis of 1998

2003
This chapter addresses and attempts to answer three questions. What was the fundamental nature of the Russian crisis in 1998? How effective was crisis management in the crisis? What were the consequences of the crisis for the Russian economy? Section 11.1 describes the unsuccessful stabilization efforts in the aftermath of the economic and political ...
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The Ukrainian Currency Crisis of 1998

2003
The currency crisis in Ukraine can be explained in terms of the first generation model. The causes of the Ukrainian currency crisis were mostly domestic. The crisis in Russia, Ukraine’s main trading partner, merely accelerated some processes rather than causing them.
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The Moldovan Currency Crisis of 1998

2003
Moldova’s major currency crisis came on the heels of the August 1998 Russian crisis. The crisis led to the rapid depreciation of the domestic currency and dramatic changes in the structure of the balance of payments. Capital flight brought the country to the verge of default.
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Output Costs of Currency Crisis and Banking Crisis: Shocks, Policies and Cycles

Comparative Economic Studies, 2018
Ryota Nakatani
semanticscholar   +1 more source

Currency Crisis in Developing Countries

2016
Currency crises have been the subject of an extensive economic literature, both theoretically and empirically. The purpose of this chapter is to examine and investigate the causes of currency and associated crises, evaluates the accuracy of empirical models in predicting crises, and review works on measuring the consequences of crises on the real ...
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‘Burgernomics’ and the ASEAN Currency Crisis

2003
The decimation of ASEAN currency markets in 1997 shows why Big Macs should be a staple item in every economist’s diet …
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Structural vulnerability and resilience to currency crisis: Foreign currency debt versus export

, 2017
Ryota Nakatani
semanticscholar   +1 more source

The Bakumatsu Currency Crisis.

Pacific Affairs, 1971
David A. Dilworth, Peter K. Frost, G. Ralph Falconeri, Umeyo Hirano   +3 more
openaire   +2 more sources