04066nam 2200697Ia 450 991045112630332120200520144314.01-281-22374-397866112237480-226-45464-910.7208/9780226454641(CKB)1000000000406663(EBL)413456(OCoLC)261340829(SSID)ssj0000133913(PQKBManifestationID)11954047(PQKBTitleCode)TC0000133913(PQKBWorkID)10068693(PQKB)10079407(MiAaPQ)EBC413456(DE-B1597)523716(OCoLC)824143765(DE-B1597)9780226454641(PPN)22380410X(Au-PeEL)EBL413456(CaPaEBR)ebr10216944(CaONFJC)MIL122374(OCoLC)290521256(EXLCZ)99100000000040666320000404d2000 uy 0engurcn|||||||||txtccrCurrency crises[electronic resource] /edited by Paul KrugmanChicago University of Chicago Press20001 online resource (367 p.)A National Bureau of Economic Research conference reportDescription based upon print version of record.0-226-45462-2 Includes bibliographical references and indexes.Front matter --Contents --Acknowledgments --Introduction --1. Currency Crisis and Unemployment: Sterling in 1931 --2. Political Contagion in Currency Crises --3. Balance-of-Payments Crises in Emerging Markets: Large Capital Inflows and Sovereign Governments --4. The Onset of the East Asian Financial Crisis --5. Is Launching the Euro Unstable in the Endgame? --6. The Mexican Peso in the Aftermath of the 1994 Currency Crisis --7. The Aftermath of the 1992 ERM Breakup: Was There a Macroeconomic Free Lunch? --8. Current Account Reversals and Currency Crises: Empirical Regularities --9. Panel Presentation: The Asian Model, the Miracle, the Crisis, and the Fund --10. Panel Presentation: Involving the Private Sector in Crisis Resolution --Contributors --Author Index --Subject IndexThere is no universally accepted definition of a currency crisis, but most would agree that they all involve one key element: investors fleeing a currency en masse out of fear that it might be devalued, in turn fueling the very devaluation they anticipated. Although such crises-the Latin American debt crisis of the 1980's, the speculations on European currencies in the early 1990's, and the ensuing Mexican, South American, and Asian crises-have played a central role in world affairs and continue to occur at an alarming rate, many questions about their causes and effects remain to be answered. In this wide-ranging volume, some of the best minds in economics focus on the historical and theoretical aspects of currency crises to investigate three fundamental issues: What drives currency crises? How should government behavior be modeled? And what are the actual consequences to the real economy? Reflecting the latest thinking on the subject, this offering from the NBER will serve as a useful basis for further debate on the theory and practice of speculative attacks, as well as a valuable resource as new crises loom.Conference report (National Bureau of Economic Research)Currency questionHistory20th centuryFinancial crisesHistory20th centuryForeign exchangeHistory20th centuryElectronic books.Currency questionHistoryFinancial crisesHistoryForeign exchangeHistory332.4/5Krugman Paul R118463MiAaPQMiAaPQMiAaPQBOOK9910451126303321Currency crises2221484UNINA