On the Risk of Currency Crisis

Władysław Milo () and Zuzanna Kozera ()
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Władysław Milo: University of Lodz, Poland
Zuzanna Kozera: University of Lodz, Poland

Chapter 4 in Acta Universitatis Lodziensis. Folia Oeconomica nr 177/2004 - Forecasting and Decision-Making in Financial Markets, 2004, vol. 177, pp 57-78 from University of Lodz

Abstract: Traders and investors are often exposed to the currency risk during their market operations. This risk includes the risk of currency crisis. Economists avoid precise defining of such economic disaster in literature, which complicates calculations of the risk of a currency crisis. In this paper, we suggest a few definitions and implications of these definitions - operational measures of the risk of currency crisis as well as empirical examples.

Keywords: Exchange rates; Risk of a currency crisis; Exchange rates forecasting (search for similar items in EconPapers)
JEL-codes: C01 E02 F00 G00 (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:ann:findec:book:y:2004:n:177:ch:04:foe

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