Publication
May 2002
This paper explores patterns of currency crises. It notes that during the 1990s, currency crises exhibited a divergence of the nominal and real exchange rates, and produced increasing current account deficits. The paper shows that the pattern holds true for the Czech, Mexican, Brazilian, Argentine and South Korean currency crises.
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English (PDF, 15 pages, 198 KB) |
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Author | Horst Siebert |
Series | Kiel Institute Working Papers |
Issue | 1106 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2002 Kiel Institute for the World Economy |