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dc.contributor.author Burnside, C
dc.contributor.author Eichenbaum, M
dc.contributor.author Rebelo, S
dc.date.accessioned 2010-03-09T15:43:35Z
dc.date.issued 2006-04-01
dc.identifier.citation Journal of Monetary Economics, 2006, 53 (3), pp. 401 - 440
dc.identifier.issn 0304-3932
dc.identifier.uri http://hdl.handle.net/10161/2078
dc.description.abstract We address three questions: (i) Can classical models be reconciled with the fact that many crises are marked by high rates of depreciation and small increases in seignorage revenue? (ii) What are the implications of different financing methods for post-crisis rates of inflation and depreciation? (iii) How do governments pay for the fiscal costs associated with currency crises? To study these questions we use a general equilibrium model in which prospective government deficits trigger a currency crisis. 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). © 2006 Elsevier B.V. All rights reserved.
dc.format.extent 401 - 440
dc.format.mimetype application/pdf
dc.language.iso en_US
dc.relation.ispartof Journal of Monetary Economics
dc.relation.isversionof 10.1016/j.jmoneco.2005.03.012
dc.title Government finance in the wake of currency crises
dc.type Journal Article
dc.department Economics
pubs.issue 3
pubs.organisational-group /Duke
pubs.organisational-group /Duke/Trinity College of Arts & Sciences
pubs.organisational-group /Duke/Trinity College of Arts & Sciences/Economics
pubs.publication-status Published
pubs.volume 53

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