DSpace - Tor Vergata: Item 2108/152

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DC Field	Value	Language
contributor.author	Marini, Giancarlo	-
contributor.author	Piersanti, Giovanni	-
date.accessioned	2005-11-29T13:00:44Z	-
date.available	2005-11-29T13:00:44Z	-
date.issued	2001-03	-
identifier.uri	http://hdl.handle.net/2108/152	-
description.abstract	This paper investigates currency and financial crises in an optimizing general equilibrium model. It is shown that a rise in current and expected future budget deficits generates a real exchange rate appreciation and a decumulation of external assets, leading up to a currency crisis when foreign reserves approximate a critical level. Strong empirical support for our model is obtained by a probit estimation of financial crises for ten Latin American and Asian countries.	en
format.extent	95937 bytes	-
format.mimetype	application/pdf	-
language.iso	en	en
publisher	CEIS	en
relation.ispartofseries	Quaderni CEIS; 140	-
subject.classification	SECS-P/01; Economia politica	en
title	Fiscal deficits and currency crises	en
type	Article	en
subject.jel	F31; Foreign exchange	en
subject.jel	F32; Current account adjustment, short-term capital movements	en
subject.jel	F41; Open economy macroeconomics	en
subject.jel	E52; Monetary policy (targets, instruments, and effects)	en
subject.jel	E62; Fiscal policy; public expenditures, investment, and finance, taxation	en
Appears in Collections:	Quaderni

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