Please use this identifier to cite or link to this item:
http://dspace.mediu.edu.my:8181/xmlui/handle/10419/2765| Title: | An iron law of currency crisis : the divergence of the nominal and the real exchange rate and increasing current account deficits |
| Keywords: | E0 F3 ddc:330 currency crisis real exchange rate devaluation Währungskrise Kaufkraftparität Leistungsbilanz Abwertung Mexiko Brasilien Argentinien Südkorea Tschechische Republik |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Kiel Institute for the World Economy (IfW) Kiel |
| Description: | The currency crises of the 1990s all exhibit a divergence of the nominal and the real exchange rate together with an increase in the negative current account. The nominal rate does not reflect inflation differences fully and the ensuing real appreciation leads to a negative current account. This pattern holds for the Czech, the Mexican, Brazilian, Argentinian as well as the South Korean currency crises. It seems to be an iron law of currency crises. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/2765 |
| Other Identifiers: | http://hdl.handle.net/10419/2765 ppn:349321140 ppn:349321140 |
| Appears in Collections: | EconStor |
Files in This Item:
There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.