A Model of the Joint Distribution of Banking and Exchange-Rate Crises

We develop a simple framework for studying the joint distribution of banking and currency crises triggered by real shocks. Our framework illustrates the fact that bank and currency collapses are related but they are not the same thing. Studying currency and bank collapses either in isolation or in perfect correlation with each other is inappropriate, producing biased estimates of the likelihood of crises

MoreLess

Year of publication:	[2006]
Authors:	Flood, Robert P.
Other Persons:	Marion, Nancy Peregrim (contributor)
Publisher:	[2006]: [S.l.] : SSRN

Extent:	1 Online-Ressource (32 p)
Series:	IMF Working Paper, Vol. , pp. 1-32, 2001
Type of publication:	Book / Working Paper
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 2001 erstellt
Other identifiers:	10.2139/ssrn.880887 [DOI]
Classification:	F30 - International Finance. General ; F34 - International Lending and Debt Problems
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012782479