The Devaluation of The Thai Baht and a Simple Second Generation Currency Crisis Model

An important element of the Thai crisis was the sterilisation of reserve outflows by the monetary authorities in an attempt to bailout fragile banks. This paper develops a new second generation currency crisis model to explore the effects of such a policy.

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Year of publication:	2002
Authors:	Rajan, Ramkishen S. ; Sugema, Iman
Published in:	Economia Internazionale / International Economics. - Camera di Commercio di Genova. - Vol. 55.2002, 1, p. 47-54
Publisher:	Camera di Commercio di Genova
Subject:	Banks \| currency crisis \| East Asia \| lender of last resort \| Thailand

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Type of publication:	Article
Classification:	F30 - International Finance. General ; F32 - Current Account Adjustment; Short-Term Capital Movements
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008482020