Government Finance in the Wake of Currency Crises

dc.contributor.author	Burnside, A. Craig	en_US
dc.contributor.author	Eichenbaum, Martin	en_US
dc.contributor.author	Rebelo, Sergio T.	en_US
dc.date.accessioned	2010-03-09T15:43:35Z
dc.date.available	2010-03-09T15:43:35Z
dc.date.issued	2003	en_US
dc.identifier.uri	http://hdl.handle.net/10161/2078
dc.description.abstract	This paper addresses two questions: (i) how do governments actually pay for the fiscal costs associated with currency crises; and (ii) what are the implications of different financing methods for post-crisis rates of inflation and depreciation? We study these questions using a general equilibrium model in which a currency crisis is triggered by prospective government deficits. We then use our model in conjunction with fiscal data to interpret government financing in the wake of three recent currency crises: Korea (1997), Mexico (1994) and Turkey (2001).	en_US
dc.format.extent	704948 bytes
dc.format.mimetype	application/pdf
dc.language.iso	en_US
dc.publisher	SSRN eLibrary	en_US
dc.title	Government Finance in the Wake of Currency Crises	en_US
dc.type	Journal Article	en_US
dc.department	Economics