A chronicle of the banking and currency crises

Sotiris Staikouras

Applied Economics Letters, 2004, vol. 11, issue 14, 873-878

Abstract: The research undertaken in the area of banking and currency crises is surveyed. The causes and implications of the twin crises are discussed, along with the theoretical and empirical framework for investigating them. The overview has highlighted a number of interesting aspects. A consistent set of economic indicators is identified as being able to predict possible financial jitters. Non-quantified factors such as expectations, herding behaviour and contagion are also crucial beyond and above economic fundamentals. The direction of the twin crises' causality is not clearly established yet. It is usually a banking crisis that precedes a currency downfall, with the latter creating a vicious spiral. Finally, a few other points are identified as issues of future concern.

Date: 2004
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www.informaworld.com/openurl?genre=article& ... 40C6AD35DC6213A474B5 (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:taf:apeclt:v:11:y:2004:i:14:p:873-878

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEL20

DOI: 10.1080/1350485042000282240

Access Statistics for this article

Applied Economics Letters is currently edited by Anita Phillips

More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().