Predicting Currency Crises: Evidence from Two Transition Economies

This paper investigates the role of fundamentals in the speculative episodes experienced by the Czech Republic and Poland during the 1990s. The evidence suggests that the currency crises of the two Central and Eastern European countries are significantly related to macroeconomic fundamentals. The analysis has implications for the design of macroeconomic policies in transition economies and for the sustainability of an exchange rate commitment.

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Year of publication:	2004
Authors:	KARFAKIS, COSTAS ; MOSCHOS, DEMETRIOS
Published in:	Emerging Markets Finance and Trade. - M.E. Sharpe, Inc., ISSN 1540-496X. - Vol. 40.2004, 1, p. 95-103
Publisher:	M.E. Sharpe, Inc.
Subject:	currency crises \| probit analysis \| transition economies

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005753652