Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 17 of 17 for “"Currency Crises"”.
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Currency crises in the European Exchange Rate Mechanism
The aim of the thesis is to examine the causes of currency crises. At the empirical level, the thesis sets out to examine the experience of two member countries of the ERM: Italy and France. It provides a new formal investigation of the underlying determinants of currency crises in these countries …
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Essays on exchange rate dynamics and currency crises in Asia
… of causes of and arguments about remedies for currency crises, and empirically examines movements in exchange rates and episodes of crises. In the first chapter, various theoretical models of currency crises are evaluated and issues in capital account convertibility are discussed. The second …
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Vulnerability to currency crises: a contrast between south Africa and Zimbabwe in the 1990s.
… paper conducts a review of theoretical models of currency crises, distinguishing between first- and second-generation models. First generation models focus on the role of unsustainable government policy in precipitating crisis, whereas second generation models are more concerned with the …
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Economic and Financial Factors Affecting Currency Stability of Floating Exchange Rate Regimes: A Survival Analysis
<p>Currency crises can wreak havoc on countries economically, financially, and politically. This study has been conducted in the spirit of attempting to find a general notion of why such crises occur. The aim is to describe, based on empirical evidence, a general time dependent evolution of …
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Open Economics: Inflation, Exchange Rate Contagion and Economic *Growth
… Rose (1998) and, in general, to the contagious currency crises literature. Our results confirm previous findings: (i) we do support the idea of contagious currency crises through trade channels, even when other channels, e.g. political, are present; (ii) we find some evidence of political …
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Leading indicators of currency crisis : an application to the 1996 South African currency crisis
Prior to the 1990 currency crisis theoretical and empirical studies concentrated on establishing the causes of currency crises. Models developed then focused mainly on finding out a fixed exchange rate policy combined with excessively expansionary pre-crisis fundamentals push the economy into …
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Essays on Monetary Policy and Financial Crises
… of central banks in the context of financial crises. In particular, the thesis examines (i) the potential monetary policy’s role in causing a financial crisis and (ii) the central bank’s management in times of crises. After a brief introduction in chapter 1, chapter 2 examines if US monetary …
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The Political Economy of Internal Adjustment in the Baltic States: Explaining Responses to the Crisis /
… most successfully. Based on the theories of currency crises and fiscal consolidation, a theoretical model is constructed. The empirical investigation relies on both qualitative and quantitative (statistical) methods. It is found in the dissertation that conventional theories cannot adequately …
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Essays in debt sustainability and financial stability
… sovereign spreads and the probability of debt crises in emerging economies, but not in advanced economies; this effect varies with asset characteristics, notably liquidity. Assets also help discriminate among countries across the distribution of sovereign spreads, thus signaling information …
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Essays on information acquisition
… the onset of phenomena such as bank runs or currency crises. Second, this incentive weakens as the game gets large and players small: for instance, I show that this leads nonfundamental volatility to vanish in many canonical large games. In the second essay on "Endogenous Informational …
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Coordination failure and its consequences: Three essays
… extend the classic regime change global game of currency crises by introducing tail risk to reflect model uncertainty over the distribution of fundamentals. We find a non-monotonic relationship between tail risk and the probability of a fundamentals-based crisis. Active intervention by …
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Non-bank financial intermediation – a focus on South Africa
… periods of financial instability, in particular currency crises. We complement the existing literature on leading indicators for financial crises by showing that bank credit is a useful indicator for systemic banking crises, while non-bank credit is helpful to predict currency crises, but not …
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Essays on Financial Crises in Emerging Markets: Role of Capital Inflow, Financial Intermediaries and the Dynamics of Contagion
… crisis. It is shown that existing literature on currency crises fail to provide any early warning indicators that would have predicted the across-the-board distress seen in the Asian economies. An alternative approach to tracking financial fragility is proposed---by examining the role of capital …
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The interplay between exchange rate regimes and asset prices : a comprehensive investigation
… scarcity and historical volatility, including currency crises, have hindered investment inflows into Africa. To fill this information-gap a robust theoretical and empirical framework is needed that will act as a frame of reference for those who want to invest in the region. The study seeks to …
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Essays in open economy macroeconomics
… of price adjustment in the aftermath of 207 currency crises in 67 countries between 1957 and 1998. The result of slowly adjusting prices in the context of large shocks to the nominal exchange rate found in previous empirical studies is shown to depend crucially on their identification of the …
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A theory of managed floating
After the experience with the currency crises of the 1990s, a broad consensus has emerged among economists that such shocks can only be avoided if countries that decided to maintain unrestricted capital mobility adopt either independently floating exchange rates or very hard pegs (currency boards, …
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Finanzkrisen - Eine portfoliotheoretische Betrachtung von Herdenverhalten und Ansteckungseffekten als Ursachen von Finanzkrisen
Finanzkrisen sind spätestens seit den 1990'er Jahren ein sehr prominentes und interessantes Forschungsobjekt der Wirtschaftswissenschaften. Dieses Jahrzehnt war durch eine Vielzahl von Finanzkrisen gekennzeichnet, von denen nur wenige Länder vollkommen verschont blieben. Die vorliegenden Arbeit …