Understanding the Korean and Thai currency crises

Craig Burnside, Martin Eichenbaum and Sergio Rebelo ()

Economic Perspectives, 2000, vol. 25, issue Q III, 45-60

Abstract: This article reviews and interprets the recent currency crises in Korea and Thailand. The authors argue that a prime causes of the crises were large, unfunded government guarantees to railing financial sectors.

Keywords: Korea; Thailand; Financial crises; Money; Deficit financing (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedhep:y:2000:i:qiii:p:45-60:n:v.25no.3

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