Sources of Currency Crisis: An Empirical Analysis

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Weber, Axel A.;
  • Subject: exchange rates, speculation, fundamentals, currency crisis, purchasing, power parity, structural vector autoregression, impulse response
    • jel: jel:F0 | jel:F3

Two types of currency crisis models coexist in the literature: first generation models view speculative attacks as being caused by economic fundamentals which are inconsistent with a given parity. Second generation models claim self-fulfilling speculation as the main so... View more
  • References (42)
    42 references, page 1 of 5

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