Currency Regimes, Capital Flows, and Crises

Paul Krugman

IMF Economic Review, 2014, vol. 62, issue 4, 470-493

Abstract: Ever since Greece experienced its debt crisis, fiscal discussion has been “Hellenized” — that is, there are constant warnings that other countries, including the United States, are on the verge of a similar crisis. But can countries that borrow in their own currency experience Greek-type crises? I argue, based both on evidence and on simple modeling, that the answer is no.

Date: 2014
References: Add references at CitEc
Citations: View citations in EconPapers (34)

Downloads: (external link)
http://www.palgrave-journals.com/imfer/journal/v62/n4/pdf/imfer20149a.pdf Link to full text PDF (application/pdf)
http://www.palgrave-journals.com/imfer/journal/v62/n4/full/imfer20149a.html Link to full text HTML (text/html)
Access to full text is restricted to subscribers.

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:pal:imfecr:v:62:y:2014:i:4:p:470-493

Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/41308/PS2

Access Statistics for this article

More articles in IMF Economic Review from Palgrave Macmillan, International Monetary Fund
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().