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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Produktdetaljer
ISBN
9780226454641
Publisert
2018
Utgave
1. utgave
Utgiver
Vendor
University of Chicago Press
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter