Fiscal Deficits, Exchange Rate Crises and Inflation
Author : Sweder van Wijnbergen
Publisher :
Page : 60 pages
File Size : 43,28 MB
Release : 1985
Category : Budget deficits
ISBN :
Author : Sweder van Wijnbergen
Publisher :
Page : 60 pages
File Size : 43,28 MB
Release : 1985
Category : Budget deficits
ISBN :
Author : Craig Burnside
Publisher : World Bank Publications
Page : 56 pages
File Size : 11,27 MB
Release : 1999
Category : Bank failures
ISBN :
The recent Asian currency crisis was caused by large prospective fiscal deficits associated with implicit bailout guarantees to failing banking systems. Absent the political will to raise taxes or cut spending, governments must resort to seignorage revenues to pay for the bailout of the banking system. In a world of forward-looking agents, this makes a currency crisis inevitable.
Author :
Publisher :
Page : pages
File Size : 47,8 MB
Release : 1987
Category :
ISBN :
Author : World Bank. Country Policy Department
Publisher :
Page : 47 pages
File Size : 12,95 MB
Release : 1985
Category :
ISBN :
Author : Paul R. Masson
Publisher : World Scientific
Page : 355 pages
File Size : 24,44 MB
Release : 2011
Category : Business & Economics
ISBN : 981435015X
This volume provides an integrated compilation of selected major articles published by the author in several fields of international finance. These include contributions to the understanding of currency crises and financial contagion, the evolution of exchange rate regimes, the interaction between national fiscal policies and regional monetary unions, and the effect of uncertainty on the gains from international economic policy coordination. The author spent most of his career doing research at established institutions (the Bank of Canada, OECD, and IMF), and these articles emerged from the need to understand the major economic policy issues of the day. In the book's introduction, the author discusses the motivation for these contributions and the unifying themes that emerged, while a concluding chapter provides his personal reflections and suggestions about promising avenues for further research.
Author : Marek Dabrowski
Publisher : Springer Science & Business Media
Page : 309 pages
File Size : 19,96 MB
Release : 2012-12-06
Category : Business & Economics
ISBN : 1461503434
Currency Crises in Emerging Markets, prepared by Warsaw-based Center for Social and Economic Research (CASE), discusses various aspects of currency crises in emerging-market economies: The definitions and theoretical models of currency crises, the causes, management and propagation (contagion effect) of crises, their economic, social and policy consequences, the role of international financial institutions, and crisis prevention. In addition, five case studies of currency crises in Central and Eastern Europe are presented.
Author : Graciela Laura Kaminsky
Publisher : International Monetary Fund
Page : 44 pages
File Size : 23,34 MB
Release : 1997-07-01
Category : Business & Economics
ISBN : 1451955863
This paper examines the empirical evidence on currency crises and proposes a specific early warning system. This system involves monitoring the evolution of several indicators that tend to exhibit an unusual behavior in the periods preceding a crisis. When an indicator exceeds a certain threshold value, this is interpreted as a warning “signal” that a currency crisis may take place within the following 24 months. The variables that have the best track record within this approach include exports, deviations of the real exchange rate from trend, the ratio of broad money to gross international reserves, output, and equity prices.
Author : Vincent Bodart
Publisher : International Monetary Fund
Page : 48 pages
File Size : 16,53 MB
Release : 1996-05
Category : Business & Economics
ISBN :
The paper explores the inflationary implications of exchange rate regime reforms in a small open economy model combining the public finance view of inflation with multiple exchange markets. To account for the experience of many developing countries, the analysis focuses on transitions to multiple official exchange markets. In those countries, multiple exchange rates were often announced as temporary. The paper shows that the dynamic response of inflation to the reform markedly differ whether the announcement is credible or not. The paper also compares the response of inflation under a fixed crawl of nominal official rates and under the presence of policy rules aimed at reducing the spread between the official and parallel exchange rates.
Author : Stanley Fischer
Publisher : World Bank Publications
Page : 32 pages
File Size : 12,5 MB
Release : 1989
Category : Budget deficits
ISBN :
Author : Jutta Maute
Publisher : Peter Lang Publishing
Page : 296 pages
File Size : 30,10 MB
Release : 2006
Category : Currency boards
ISBN :
Originally presented as the author's thesis (doctoral)--Universiteat Hohenheim, 2006.