SOURCES OF ASIAN CURRENCY CRISIS

Preprint OPEN
Muhd-Zulkhibri Abdul Majid;
(2004)
  • Subject: currency crisis, Asian, probit
    • jel: jel:F3 | jel:F4

This study examines the sources of currency crises in ASEAN. The empirical findings indicate that reserve inadequacy, increase of bank’s claims on private sector, deteriorating trade balance and misalignment of real exchange rate increase the probability of a speculativ... View more
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