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The Episodes of Currency Crisis in Latin American and Asian Economies


  • Marek Dabrowski
  • Malgorzata Antczak
  • Monika Blaszkiewicz
  • Malgorzata Jakubiak
  • Wojciech Paczynski
  • Marcin Sasin


This volume presents six monographs of currency crisis episodes in two Latin American countries in 1994-1995 (Mexico and Argentine) and four Asian countries in 1997-1998 (Thailand, Malaysia, Indonesia, and Korea). The Asian part of this volume is supplemented with a short comparative note, commenting these four monographs. All the studies were prepared under the research project no. OI44/H02/99/17 on "Analysis of Currency Crises in Countries of Asia, Latin America and Central and Eastern Europe: Lessons for Poland and Other Transition Countries", carried out by CASE and financed by the Committee for Scientific Research (KBN) in the years 1999-2001. They were subjects of public presentation and discussion during the seminar in Warsaw organized by CASE on December 21, 2000, under the same research project. In the all analyzed cases currency crises were accompanied by other signs of financial turbulence such as (public and/or private) debt crisis or banking crisis. However, the limited scope of the conducted analysis forced the research team to concentrate on the currency crises and refer to banking and debt crisis only as the background or consequence of the currency devaluation. This collection of papers will be followed by another volume presenting episodes of currency crises in the European transition economies.

Suggested Citation

  • Marek Dabrowski & Malgorzata Antczak & Monika Blaszkiewicz & Malgorzata Jakubiak & Wojciech Paczynski & Marcin Sasin, 2001. "The Episodes of Currency Crisis in Latin American and Asian Economies," CASE Network Reports 0039, CASE-Center for Social and Economic Research.
  • Handle: RePEc:sec:cnrepo:0039

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    References listed on IDEAS

    1. Carmen M. Reinhart & Graciela L. Kaminsky, 1999. "The Twin Crises: The Causes of Banking and Balance-of-Payments Problems," American Economic Review, American Economic Association, vol. 89(3), pages 473-500, June.
    2. Pierre-Richard Agenor & Joshua Aizenman, 1999. "Financial Sector Inefficiencies and Coordinate Failures: Implications for Crisis Management," NBER Working Papers 7446, National Bureau of Economic Research, Inc.
    3. Michael P. Dooley & Inseok Shin, 1999. "Private inflows when crises are anticipated: a case study of Korea," Proceedings, Federal Reserve Bank of San Francisco, issue Sep.
    4. Joon-Ho Hahm & Frederic S. Mishkin, 2000. "Causes of the Korean Financial Crisis: Lessons for Policy," NBER Working Papers 7483, National Bureau of Economic Research, Inc.
    5. Angel J. Ubide & Tomás J. T. Baliño, 1999. "The Korean Financial Crisis of 1997—A Strategy of Financial Sector Reform," IMF Working Papers 99/28, International Monetary Fund.
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