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Tuesday, August 4, 2020 | History

3 edition of The determinants of currency crises found in the catalog.

The determinants of currency crises

Bjoern Rother

The determinants of currency crises

a political economy approach

by Bjoern Rother

  • 290 Want to read
  • 9 Currently reading

Published by Palgrave Macmillan in Basingstoke .
Written in

    Subjects:
  • Währungspolitik,
  • Monetary policy,
  • Currency crises,
  • Währungskrise

  • About the Edition

    A lot of research has been carried out on currency crises, but the existing literature largely fails to adequately recognize the role of politics in creating financial turbulence. This book explains the role of political factors in the occurrence of currency crises. It starts out with a discussion of political developments in four prominent crisis cases, including Turkey and Argentina in the early 2000s, before discussing various extensions of a workhorse model of the economics literature, two of which are original, to show how upcoming elections, intra-governmental conflict, and lobbying activity can impact the stability of an exchange rate regime. The econometric analysis uses a diverse sample of 69 countries over 1975-97 to determine whether the inclusion of political variables can make a difference in crisis prediction without adding too much complexity, compared with standard early-warning-systems models that rely exclusively on macroeconomic fundamentals. This book provides a thorough and in-depth report, seeking to translate concepts from the discipline of political science into the language of economics. It is essential reading for all interested in international political economy and financial crises.

    Edition Notes

    Includes bibliographical references (p. 171-182) and index.

    StatementBjörn Rother
    Classifications
    LC ClassificationsHG3851.3 .R68 2009
    The Physical Object
    Paginationix, 188 p. :
    Number of Pages188
    ID Numbers
    Open LibraryOL25253819M
    ISBN 100230221815
    ISBN 109780230221819
    LC Control Number2012360292
    OCLC/WorldCa318674389

    Global Imbalances, Financial Crises, and Central Bank Policies assesses the relationships between global imbalances, financial crises, and central bank policies, with a specific focus on their reserves. The book contains a strictly international perspective with an analysis based on empirical research that enables the reader to develop an analytical model that emphasizes interactions among. Title: The Determinants of Banking Crises: Evidence feom Developing and Develop ed Countries - WP/97/ Created Date: 9/26/ AM.

      Currency Politics is a subject of heightened interest today given the global economic backdrop. Jeffrey Frieden gives a perspective on the political economy nature of currency politics by outlining the relevant economics and then analyzing the political ramifications in some specific illuminating s: 7. Currency Crisis in Developing Countries: Role of Weak Fundamentals Maryna Derkach, Vanderbilt University, USA. Abstract: The paper examines the determinants of foreign exchange market instabilities in developing countries during the global financial crisis of .

    Introduction to "Currency Crises" Paul R. Krugman. Chapter in NBER book Currency Crises (), Paul Krugman, editor (p. 1 - 6) Published in January by University of Chicago Press Social Security: Panel on Economic Determinants of Fertility Behavior. Indices (EMPI) as proxies for currency crises. Due to a high correlation between the inflow and outflow capital control measures, the joint confidence ellipsoid (region) technique is used. This technique confirms that these capital controls have significantly different influences on currency crises. The analyses use various currency crises.


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The determinants of currency crises by Bjoern Rother Download PDF EPUB FB2

This book explores the role of political factors in the occurrence of currency crises, using an eclectic approach that blends case studies, a rigorous theoretical discussion, and econometric : Palgrave Macmillan UK.

The Determinants of Currency Crises - by B Rother (Hardcover) $ 0 out of 5 stars with 0 reviews. be the first. be the first.

ratings. Help us improve this page. About this item. Details. This book explains the role of political factors in the occurrence of currency crises.

It starts out with a discussion of political developments in Price: $ Introduction This book explores the role of political factors in the occurrence of currency crises, using an eclectic approach that blends case studies, a rigorous theoretical discussion, and econometric analysis.

The Determinants of Currency Crises by Bjorn Rother,available at Book Depository with free delivery : Bjorn Rother. Get this from a library. The determinants of currency crises: a political economy approach.

[Bjoern Rother] -- A lot of research has been carried out on currency crises, but the existing literature largely fails to adequately recognize the role of politics in creating financial turbulence.

This book explains. This book explores the role of political factors in the occurrence of currency crises, using an eclectic approach that blends case studies, a rigorous theoretical discussion, and econometric analysis.

Title: The Determinants of Banking Crises in Developing and Developed Countries Created Date: 3/11/ PM. indicators were found to be important in determining currency crises, and included macroeconomic fundamentals, such as the real exchange rate, the money supply-reserves ratio, the growth rate of domestic credit, the current account balance and the debt-GDP ratio.

Determinants of currency crises in the Republic of Serbia*1 Ivana Marjanović2, Milan Marković3 Abstract The aim of this study is to overcome the lack of empirical research dealing with the main factors of currency crises in the Republic of Serbia, analyzing periods of currency crises and creating an early warning system to anticipate the upcoming.

Our results indicate that the variables belonging to the set of macroeconomic fundamentals proposed by the literature are very fragile determinants of the occurrence of currency crises. The results improve if the crisis index identifies a crisis period (defined as the period up to a year before a crisis) instead of a crisis by: On Determinants of the Depth of Currency Crisis: Fundamentals, Contagion, and Financial Liberalization* September Masazumi Hattori ** Abstract This paper contains an empirical analysis of the "depth" of the Mexican Currency Crisis () and the East Asian Currency Crisis ().

The purpose is toattempt toCited by: 1. "This excellent book is for anyone who has ever wondered about the origins of the Eurozone, the causes of the currency crises, and the importance of the classical gold standard. Frieden combines lively historical narratives with statistical analyses to show that currency politics are pretty much the same across time and space.

Moving towards the s, the empirical research increasingly involved a search for common determinants of crises.

The empirical study in Chapter 3 analyses the causes of currency and financial crises in 31 emerging market countries in – The determinants of banking crises: Further evidence March 3, Guillermo Peña* ABSTRACT This paper employs a new dataset of 36 EU and OECD countries for the period – to test the importance of economic inequality in banking crises and to find new determinants of them.

We estimated a panel logit model with population-averaged. According to the results, short-term debt/GDP, real exchange rate, deposit interest rates, foreign exchange reserves/imports, and credit/deposit variables are all significant in.

This paper investigates the role of external balance sheet variables as determinants of currency crises in emerging market (EME) and advanced economies.

A random effect probit model is used in a panel of 40 countries with monthly data over the January –December period. The main results of the paper are as follows. The results suggest that crises tend to erupt when the macroeconomic environment is weak, particularly when growth is low and inflation is high.

Also, high real interest rates are clearly associated with systemic banking sector problems, and there is some evidence that vulnerability to balance of payments crises has played a role.

from tothey identified a total of currency crises, of which 10 crises oc curred in the periodbanking and 66 debt crises (Figure no.1). The resul ts show that the real determinants of financial crisis are stru ctural in unstable monetary system (interest system and fiat money system), poo r gov ernance (administered price), and.

"On the Determinants of Currency Crises: The Role of Model Uncertainty," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 2, pages Jesus Crespo Cuaresma & Tomas Slacik, "undated". currency crisis. Some models stress how distortions may emerge in the form of credit constraints.

Aghion, Bacchetta, and Banerjee (), for example, highlight that an initial depreciation of a currency raises the cost of foreign-currency debt obligations of firms and lowers profits, which in. This paper investigates the role of external balance sheet variables as determinants of currency crises in emerging market (EME) and advanced economies.

A random effect probit model is used in a panel of 40 countries with monthly data over the January December period. The main results of the paper are as follows. This article investigates the role of external balance sheet variables as determinants of currency crises in emerging market (EME) and advanced economies.

A random effect probit model is used in a panel of 40 countries with monthly data during the January –December period. The main results of the article are as follows.