The Aftermath of a Currency Collapse: How Different are Emerging Markets?
Article Abstract:
An analysis is presented on post-collapse experience of six emerging markets: Brazil, Indonesia, Korea, Mexico, Russia, and Thailand. While all of the countries showed sharp nominal depreciations, output losses were relatively small in Brazil and Russia, and inflation remained at a low level in Brazil, Korea, and Thailand. Political stability, credible macroeconomic policy, and the strength of the banking system are identified as key to post-collapse success.
Publication Name: World Economy
Subject: Economics
ISSN: 0378-5920
Year: 2005
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Currency and Financial Crises in Turkey 2000u2001: Bad Fundamentals or Bad Luck?
Article Abstract:
The article identifies the vulnerabilities that fostered Turkey's financial and monetary crises during November 2000 to February 2001. These include loss of competitiveness, excessive debt burden, interest payment levels on domestic borrowing, and weaknesses in the banking and financial sector. Reform of this sector is advocated for economic recovery.
Publication Name: World Economy
Subject: Economics
ISSN: 0378-5920
Year: 2005
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Argentina's currency board collapse: weak policy or bad luck?
Article Abstract:
A study is conducted to analyze two main reasons for the collapse of Argentina's currency board. The lack of proper fiscal policies and overvalued peso are stated as main reasons for this collapse.
Publication Name: World Economy
Subject: Economics
ISSN: 0378-5920
Year: 2004
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