Cúrdia, Vasco (contributor) - 2007
beginning of the 21st century, with the Asian, Russian and Brazilian crises, showed that
this was not a unique event. Instead …�cation of the crisis in the event of a devaluation because it will further
weaken the balance sheets.1 In the model, for simpli … model the
currency mismatch does not lead to a worse outcome in the event of signi�cant depreciation
of the currency. On the …