Are currency crises predictable? /

Saved in:

Bibliographic Details
Author / Creator:	Goldfajn, Ilan.
Imprint:	[Washington, D.C.] : International Monetary Fund, Research Dept., ©1997.
Description:	1 online resource (19 pages) : illustrations
Language:	English
Series:	IMF working paper ; WP/97/159 IMF working paper ; WP/97/159.
Subject:	Financial crises -- Forecasting. Foreign exchange rates. Devaluation of currency. Devaluation of currency. Foreign exchange rates.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12497281

Hidden Bibliographic Details
Other authors / contributors:	Valdés, Rodrigo O. (Rodrigo Osvaldo) International Monetary Fund. Research Department.
Notes:	Includes bibliographical references (page 19). Restrictions unspecified Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010. Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 digitized 2010 HathiTrust Digital Library committed to preserve Print version record.
Summary:	This paper studies whether exchange rate expectations and overvaluations are predictors of currency crises. The results suggest that overvaluation has predictive power in explaining crises. However, although expected depreciation obtained from survey data partially takes different measures of exchange rate misalignment into consideration, expectations fail to anticipate currency crises.
Other form:	Print version: Goldfajn, Ilan. Are currency crises predictable? [Washington, D.C.] : International Monetary Fund, Research Dept., ©1997

Similar Items