Interpreting currency crises: How much do we know?

The main objective of this paper is to understand the causes and symptoms of currency crises by reviewing the seminal literature and noting some of its significant features. The paper revises the so-called first- and second-generation models and accounts for six different features. Based on this rev...

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Bibliographic Details
Published inJournal of transnational management Vol. 7; no. 2; p. 19
Main Author Saqib, Omar F
Format Journal Article
LanguageEnglish
Published New York Taylor & Francis LLC 01.10.2001
Subjects
Currency devaluation
Economic crisis
Economic theory
Studies
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Summary:The main objective of this paper is to understand the causes and symptoms of currency crises by reviewing the seminal literature and noting some of its significant features. The paper revises the so-called first- and second-generation models and accounts for six different features. Based on this revision and account, the paper suggests the need to view currency crises beyond the traditional line of thought. In effect, to comprehend the process, which may lead to the inconsistency of the exchange rate maintenance policies and result in a currency crash.
ISSN:1547-5778
1547-5786