Eichenbaum, Martin; Burnside, Craig; Rebelo, Sergio - National Bureau of Economic Research (NBER) - 2003
recent currency crises: Korea (1997), Mexico (1994) and Turkey (2001). …This paper addresses two questions: (i) how do governments actually pay for the fiscal costs associated with currency … crises; and (ii) what are the implications of different financing methods for post-crisis rates of inflation and depreciation …