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A Model of the Joint Distribution of Banking and Exchange-Rate Crises

We develop a simple framework for studying the joint distribution of banking and currency crises triggered by real shocks. Our framework illustrates the fact that bank and currency collapses are related but they are not the same thing. Studying currency and bank collapses either in isolation or in p...

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Bibliographic Details
Main Author: Marion, Nancy
Other Authors: Flood, Robert
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2001
Series:IMF Working Papers
Subjects:
Depository Institutions
Government And The Monetary System
Foreign Exchange Reserves
Credit
Payment Systems
Banks
Banks And Banking
Monetary Economics
Currency; Foreign Exchange
Regimes
Monetary Policy, Central Banking, And The Supply Of Money And Credit: General
Micro Finance Institutions
Mortgages
International Lending And Debt Problems
Money
Central Banks
Domestic Credit
Foreign Exchange
Standards
International Finance: General
Conventional Peg
International Reserves
Currencies
Monetary Systems
Banking
Exchange Rates
Monetary Policy
Money And Monetary Policy
Korea, Republic Of
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:We develop a simple framework for studying the joint distribution of banking and currency crises triggered by real shocks. Our framework illustrates the fact that bank and currency collapses are related but they are not the same thing. Studying currency and bank collapses either in isolation or in perfect correlation with each other is inappropriate, producing biased estimates of the likelihood of crises
Physical Description:32 pages
ISBN:9781451874945

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