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The Changing Nature of Currency Crises

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  • Sweta C. Saxena

Abstract

Currency crises that have been observed in recent years are not a new phenomenon, but the main features of the crises in Latin America in the 1970s and early 1980s are quite different from the crisis in Europe in 1992. Theoretical literature has evolved over time to account for the changing nature of these crises. While many theoretical and empirical papers have been written about various episodes of these crises, the change in their mechanism over time has not been demonstrated well. This paper fills the gap in the literature by graphically depicting the main features of these crises. Such a visual analysis should allow the reader to better understand and follow the changes in the mechanisms over time. Copyright Blackwell Publishers Ltd, 2004.

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Bibliographic Info

Article provided by Wiley Blackwell in its journal Journal of Economic Surveys.

Volume (Year): 18 (2004)
Issue (Month): (07)
Pages: 321-350

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Handle: RePEc:bla:jecsur:v:18:y:2004:i::p:321-350

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Cited by:
  1. Chih-huan Chen & Ching-chong Lai, 2010. "An Interpretation of the Collapsing Process of the Bretton Woods System," Open Economies Review, Springer, vol. 21(3), pages 449-463, July.
  2. Sylvester C. W. Eijffinger & Benedikt Goderis, 2007. "Currency Crises, Monetary Policy and Corporate Balance Sheets," German Economic Review, Verein für Socialpolitik, vol. 8, pages 309-343, 08.
  3. Post, Erik, 2007. "Macroeconomic imbalances and exchange rate regime shifts," Working Paper Series 2007:4, Uppsala University, Department of Economics.
  4. Jo-Hui Chen & Chih-Sean Chen, 2012. "The study of contagious paces of financial crises," Quality & Quantity: International Journal of Methodology, Springer, vol. 46(6), pages 1825-1846, October.
  5. Mohammad Karimi & Marcel-Cristian Voia, 2011. "Empirics of Currency Crises: A Duration Analysis Approach," Carleton Economic Papers 11-11, Carleton University, Department of Economics.

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