Currency Crises: In Search of Common Elements
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
The paper seeks to identify common characteristics among a variety of macroeconomic and financial variables for a large sample of currency crises in industrial countries and emerging market economies. It covers crises which culminated in large currency depreciation as well as those in which there was a substantial loss of foreign reserves. The analysis involves comparing the monthly or annual pattern of movement of the various macroeconomic and financial variables around the time of crisis to their behavior during tranquil periods. The robustness of the results is tested by subdividing the sample into different types of currency crises and carrying out a similar analysis for each.
Series:
Working Paper No. 2000/067
Subject:
Banking crises Currency crises Emerging and frontier financial markets Financial crises Financial markets Inflation Prices
English
Publication Date:
March 1, 2000
ISBN/ISSN:
9781451848892/1018-5941
Stock No:
WPIEA0672000
Pages:
55
Please address any questions about this title to publications@imf.org