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Una introducción a los modelos de crisis financieras
[A introduction to models financial crisis]

Author

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  • Ayala, Alfonso

Abstract

This paper aimed to offer and introduction to the traditional and newest models about the determinants of financial crises, with special reference to the models developed to emerging markets. These models has been seen mayor evolutions since the first model written by Krugman in 1979 to the most recent papers from various economists of the IMF, Federal Reserve and many American and Latin American universities, that add new approaches as self-fulfilling expectations, multiple equilibrium, moral hazard, contagion and asymmetric information.

Suggested Citation

  • Ayala, Alfonso, 2011. "Una introducción a los modelos de crisis financieras [A introduction to models financial crisis]," MPRA Paper 42411, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:42411
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    References listed on IDEAS

    as
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    9. Michael Bordo & Anna Schwartz, 1996. "Why clashes between internal and external stability goals end in currency crises, 1797–1994," Open Economies Review, Springer, vol. 7(1), pages 437-468, March.
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    More about this item

    Keywords

    Crisis financieras; mercados emergentes;

    JEL classification:

    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • F31 - International Economics - - International Finance - - - Foreign Exchange

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