Is There a Relationship between Fiscal Sustainability and Currency Crises? International Evidence Based on Causality Tests

This paper uses Granger causality tests on a fiscal sustainability indicator (FSI) and currency crises for 17 countries to evaluate the direction of causality between the FSI and currency crises. The FSI developed by Croce and Juan-Ramón (2003) is used. Also, different definitions for currency crises are used to evaluate whether they induce different results in the analysis. In general, the results suggest evidence of causality between the lagged FSI and currency crises

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Year of publication:	2014
Authors:	Cruz-Rodríguez, Alexis
Publisher:	[2014]: [S.l.] : SSRN
Subject:	Währungskrise \| Currency crisis \| Kausalanalyse \| Causality analysis \| Welt \| World \| Finanzpolitik \| Fiscal policy \| Haushaltsdefizit \| Budget deficit

Extent:	1 Online-Ressource (19 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: International Journal of Economic Sciences and Applied Research, 7 (1): 69-87, April 2014 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 2014 erstellt
Classification:	F31 - Foreign Exchange ; F33 - International Monetary Arrangements and Institutions ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013053016