ENGLISH

Currency Crises

By Paul Krugman

Book information

Publisher
University of Chicago Press
Year
2000
ISBN
9780226454627, 0226454622
Open Library ID
OL9559831M
Language
english
Format
PDF
Filesize
21 MB (22508457 bytes)
Series
A National Bureau of Economic Research conference report
Edition
1
Pages
370\370
Topic
Economy
Time added
2010-05-17 00:23:50

Description

There 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 1980s, the speculations on European currencies in the early 1990s, 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.

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