currency crisis

Main feature of the Asian currency crisis was the vast prior capital inflow into the region, and the later rapid reversal of that movement. In seeking to explain why this outflow of capital took place and was so devastating for the countries concerned, various writers have laid blame upon a ...

This paper is an assessment of the possibility to predict currency crises. Different methods are explored. A discrete-choice model is estimated with an underlying intuition that is far more simple than traditional estimations of this kind. The results suggest that currency crises are complex phenomenas that cannot be predicted by ...