We argue that recent currency crises reflect clashes between fundamentals and pegged exchange rates, just as did crises … if a government's policies are inconsistent with pegged exchange rates. We base these conclusions on a review of currency … crises in the historical record under metallic monetary regimes and of crises post-World War II under Bretton Woods, and …

assessment of the dynamic correlation analysis of financial contagion with evidence from (5) African countries (South African …

exchange rates during currency crises, the question arises: What factors determine a government's decision to abandon a …

Using daily data during the period of Asian Currency Crises, this paper examines high-frequency contagion effects among …, affecting exchange rates and stock prices of other countries. Evidence of high-frequency crisis spillover from Thailand to other …

In this note we demonstrate that in affine models for bilateral exchange rates, the nature of return interdependence … linearity and heavy tails are sufficient conditions for joint or contagious currency crises to happen systematically through …

Is there any factor that is not analyzed in the literature but is important for preventing currency crises? What kind … paper analyzes currency crises both theoretically and empirically. In the theoretical part, I argue that exports are an … important factor to prevent currency crises that has not been frequently analyzed in the existing theoretical literature. Using …

literature exploring the topics of herd behaviour, little is known about it in the context of the individual decision …

This study investigates asset herd behaviour for Dutch pension funds from 1999 to 2014 using quarterly data. We find … herd behaviour for investments in twenty asset classes including non-traditional asset classes, and to both purchasing and … selling. Pension funds’ herd behaviour is particularly high in alternative investments, which might increase herding in …