Modelos de crises cambiais de terceira geração versus fatos estilizados na América Latina
AbstractThe paper reviews the so-called "third generation" models of currency crises. After presenting a few selected models from the literature, the paper discusses whether they contribute to the understanding of the recent currency crises in Latin America - in particular the Mexican crisis of 1994 and the Brazilian crisis of 1999. It is argued that the empirical evidence suggests that "third generation" models are more useful in the case of the Asian crises than in the Latin American case.
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Bibliographic InfoArticle provided by Instituto de Economia, Universidade Estadual de Campinas (UNICAMP) in its journal Revista Economia e Sociedade.
Volume (Year): 16 (2001)
Issue (Month): (January)
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Currency crises; Third generation models; Latin America.;
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