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Browsing by Subject "currency crisis"

DukeSpace

Browsing by Subject "currency crisis"

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  • Hedging and Financial Fragility in Fixed Exchange Rate Regimes
    Burnside, A. Craig; Eichenbaum, Martin; Rebelo, Sergio T. (SSRN eLibrary, 1999)
    Currency crises that coincide with banking crises tend to share four elements. First, governments provide guarantees to domestic and foreign bank creditors. Second, banks do not hedge their exchange rate risk. Third, there ...
  • Prospective Deficits and the Asian Currency Crisis
    Burnside, A. Craig; Eichenbaum, Martin; Rebelo, Sergio (Journal of Political Economy, 2001)
    This paper argues that the recen Southeast Asian currency crisis was caused by large prospective deficits associated with implicit bailout guarantees to failing banking systems. We articulate this view using a simple dynamic ...