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Currency crises, speculative attacks and financial instability in a global world: A Post Keynesian approach with reference to Brazilian currency crisis
(Universidad Central de Venezuela, 2004)
A tool to undertand the world currencies: the correlation map
(2016-11-11)
The currency markets are dominated by the few greatest currencies (as $, €, ¥, £ …). Their strong influence is gathering many currencies around them. From the outside, it looks like a large group of correlated currencies. ...
Economic crisis and banking crisisCrisis económica y crisis bancaria
(CICSHAL-RELIGACIÓN. CENTRO DE INVESTIGACIONES EN CIENCIAS SOCIALES Y HUMANIDADES DESDE AMÉRICA LATINA, 2019)
Welfare analysis of currency regimes with defaultable debts
(2013)
We modify the Cole and Kehoe model by including domestic debt. According to the original model, a speculative attack on a high debt level issued abroad triggers external debt default. Here, it is possible to inflate away ...
Speculative attacks on debts, dollarization and optimum currency areas
(Escola de Pós-Graduação em Economia da FGV, 2002-04-01)
The purpose of this article is to contribute to the discussion of the financial aspects of dollarization and optimum currency areas. Based on the model of self-fulfilling debt crisis developed by Cole and Kehoe [4], it is ...
Currency crisis and external fragility: A minskyan interpretation applied to the Brazilian economy between 1999 and 2013Crises cambiais e fragilidade externa: Uma interpretação minskyana aplicada à economia Brasileira entre 1999 e 2013
(2015-12-01)
This work has two goals. The first one is to develop an interpretation for open economies founded on Minsky’s financial fragility hypothesis about the process of a currency crisis and its determinants. The deterioration ...
Speculative attacks, openness and crises
(Escola de Pós-Graduação em Economia da FGV, 2007-09-01)
In this paper we propose a dynamic stochastic general equilibrium model to evaluate financial adjustments that some emerging market economies went through to overcome external crises during the latest decades, such as ...