K pøíèinám mìnových krizí - empirie a teorie

Mojmir Helisek ()

Czech Journal of Economics and Finance (Finance a uver), 2002, vol. 52, issue 9, 458-477

Abstract: The article summarizes recognized empirical knowledge about the causes of currency crises, making use of several extensive empirical studies carried out in the late 1990s, and examines select theoretical models of such causation. The results are divided into three levels of causes: general risk conditions, fundamental causes, and immediate triggers. There are two types of theoretical models: one derived from the fundamental causes of crises and one based on self-fulfilling expectations of devaluation. The concept of the eclectic form of the causes of crises prevails in the literature over the idea of „pure“ self-fulfilling expectations. Clustering of crises are explained either by their common causes or by contagion from business and/or financial channels.

Keywords: currency crises; financial crise (search for similar items in EconPapers)
JEL-codes: F3 F31 (search for similar items in EconPapers)
Date: 2002
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://journal.fsv.cuni.cz/storage/1114_458_477.pdf (application/pdf)

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: https://EconPapers.repec.org/RePEc:fau:fauart:v:52:y:2002:i:9:p:458-477

Access Statistics for this article

More articles in Czech Journal of Economics and Finance (Finance a uver) from Charles University Prague, Faculty of Social Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Natalie Svarcova ().