Author: | Kajanoja, L. |
Title: | Currency crises: some policy lessond |
Journal: | Bank of Finland Bulletin
2001 : VOL. 75:3, p. 24-27 |
Index terms: | Currency Economic crisis |
Language: | eng |
Abstract: | A currency crisis is a situation in which market participants' confidence in a fixed exchange rate is eroded, and the central bank is forced to defend it by adjusting the short-term interest rate and/or interventing in the foreign exchange market. |
SCIMA