haku: @author Rose, A. / yhteensä: 12
viite: 8 / 12
| Tekijä: | Frankel, J. Rose, A. |
| Otsikko: | Currency crashes in emerging markets: an empirical testament |
| Lehti: | Journal of International Economics
1996 : NOV, VOL. 41:3/4, p. 351-368 |
| Asiasana: | ECONOMICS INTERNATIONAL MARKETS |
| Kieli: | eng |
| Tiivistelmä: | The authors use a panel of annual data for over 100 developing countries from 1971 through 1992 to characterize currency crashes. The authors define a currency crash as a large change of the nominal exchange rate that is also a substantial increase in the rate of change of nominal depreciation. The authors examine the composition of the debt as well as its level, and a variety of other macroeconomic factors, external and foreign. Crashes tend to occur when: output growth is low; the growth of domestic credit is high. |
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