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Title Currency crises / edited by Paul Krugman
Published Chicago : University of Chicago Press, 2000

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Description 1 online resource (ix, 356 pages) : illustrations
Series A National Bureau of Economic Research conference report
Conference report (National Bureau of Economic Research)
Contents Introduction / Paul Krugman. -- Currency crisis and unemployment: Sterling in 1931 / Barry Eichengreen, Olivier Jeanne ; Comment / Michael D. Bordo. -- Political contagion in currency crises / Allan Drazen ; Comment / Carmen M. Reinhart. -- Balance-of-payments crises in emerging markets: large capital inflows and sovereign governments / Guillermo A. Calvo ; Comment / Roberto Rigobon. -- The onset of the East Asian financial crisis / Steven Radelet, Jeffrey Sachs ; Comment / Frederic S. Mishkin. -- Is launching the Euro unstable in the endgame? / Robert P. Flood, Peter M. Garber ; Comment / Peter B. Kenen. -- The Mexican peso in the aftermath of the 1994 currency crisis / Sebastian Edwards, Miguel A. Savastano Comment / J. Bradford De Long. -- The aftermath of the 1992 ERM breakup: was there a macroeconomic free lunch? / Robert J. Gordon ; Comment / Paul Krugman. -- Current account reversals and currency crises: empirical regularities / Gian Maria Milesi-Ferretti, Assaf Razin ; Comment / Jaume Ventura. -- Panel presentation: the asian model, the miracle, the crisis, and the fund / Jeffrey A. Frankel. -- Panel presentation: involving the private sector in crisis resolution / Peter B. Kenen
Summary 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
Bibliography Includes bibliographical references and indexes
Notes English
Print version record
Subject Currency question -- History -- 20th century
Financial crises -- History -- 20th century
Foreign exchange -- History -- 20th century
Currency question -- History -- 20th century -- Congresses
Foreign exchange -- History -- 20th century -- Congresses
Financial crises -- History -- 20th century -- Congresses
BUSINESS & ECONOMICS -- Foreign Exchange.
Currency question
Financial crises
Foreign exchange
Währungskrise
Aufsatzsammlung
Change -- Congrès.
Crises boursières -- Congrès.
Question monétaire -- Congrès.
Genre/Form Conference papers and proceedings
History
Form Electronic book
Author Krugman, Paul R.
ISBN 0226454649
9780226454641
0226454622
9780226454627
1281223743
9781281223746
9786611223748
6611223746