Currency Crises and Economic Fundamentals in Finland

L. Kajanoja

University of Helsinki, Department of Economics from Department of Economics

Abstract: Recent currency crises in Filand are analyzed. First probit model estimations suggest that growth, unemployment, real exchange rate and contagion effects have affected the probability of a currenycy crisis. Second, empirical shadow floating exchange rates are formed using a revised version of Blanco-Garber method. This method offers structural explanations for the findings of the probit models. Also, it allows studying how the size of foreign reserves fas affected the probability of a crisis.

Keywords: CURRENCIES; SPECULATION (search for similar items in EconPapers)
JEL-codes: E41 E51 F33 (search for similar items in EconPapers)
Date: 1998

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:fth:helsec:441

Access Statistics for this paper

More papers in University of Helsinki, Department of Economics from Department of Economics
Address: University of Helsinki; Department of Economics, P.O.Box 54 (Unioninkatu 37) FIN-00014 Helsingin Yliopisto
Contact information at EDIRC.
Series data maintained by Thomas Krichel ().