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Currency crises /

There is no universally accepted definition of a currency crisis, but most would agree that they all involve one key element: investors fleeing a currency en masse out of fear that it might be devalued, in turn fueling the very devaluation they anticipated. Although such crises-the Latin American de...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Otros Autores: Krugman, Paul R.
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Chicago : University of Chicago Press, 2000.
Colección:Conference report (National Bureau of Economic Research)
Temas:
Acceso en línea:Texto completo

MARC

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505 0 |a Introduction / Paul Krugman. -- Currency crisis and unemployment: Sterling in 1931 / Barry Eichengreen, Olivier Jeanne ; Comment / Michael D. Bordo. -- Political contagion in currency crises / Allan Drazen ; Comment / Carmen M. Reinhart. -- Balance-of-payments crises in emerging markets: large capital inflows and sovereign governments / Guillermo A. Calvo ; Comment / Roberto Rigobon. -- The onset of the East Asian financial crisis / Steven Radelet, Jeffrey Sachs ; Comment / Frederic S. Mishkin. -- Is launching the Euro unstable in the endgame? / Robert P. Flood, Peter M. Garber ; Comment / Peter B. Kenen. -- The Mexican peso in the aftermath of the 1994 currency crisis / Sebastian Edwards, Miguel A. Savastano Comment / J. Bradford De Long. -- The aftermath of the 1992 ERM breakup: was there a macroeconomic free lunch? / Robert J. Gordon ; Comment / Paul Krugman. -- Current account reversals and currency crises: empirical regularities / Gian Maria Milesi-Ferretti, Assaf Razin ; Comment / Jaume Ventura. -- Panel presentation: the asian model, the miracle, the crisis, and the fund / Jeffrey A. Frankel. -- Panel presentation: involving the private sector in crisis resolution / Peter B. Kenen. 
520 |a There is no universally accepted definition of a currency crisis, but most would agree that they all involve one key element: investors fleeing a currency en masse out of fear that it might be devalued, in turn fueling the very devaluation they anticipated. Although such crises-the Latin American debt crisis of the 1980s, the speculations on European currencies in the early 1990s, and the ensuing Mexican, South American, and Asian crises-have played a central role in world affairs and continue to occur at an alarming rate, many questions about their causes and effects remain to be answered. In this wide-ranging volume, some of the best minds in economics focus on the historical and theoretical aspects of currency crises to investigate three fundamental issues: What drives currency crises? How should government behavior be modeled? And what are the actual consequences to the real economy?Reflecting the latest thinking on the subject, this offering from the NBER will serve as a useful basis for further debate on the theory and practice of speculative attacks, as well as a valuable resource as new crises loom. 
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