Speculative Attacks and Currency Crises : The Mexican Experience / Inci Otker, Ceyla Pazarbasioglu.

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Bibliographic Details
Online Access: Full Text (via IMF e-Library)
Main Author: Otker, Inci
Other Authors: Pazarbasioglu, Ceyla
Format: eBook
Language:English
Published: Washington, D.C. : International Monetary Fund, 1995.
Series:IMF working paper ; WP/1995/112.

MARC

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245 1 0 |a Speculative Attacks and Currency Crises :   |b The Mexican Experience /  |c Inci Otker, Ceyla Pazarbasioglu. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1995. 
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520 3 |a This paper estimates a speculative attack model of currency crises in order to identify the role of economic fundamentals and any early warning signals of a potential currency crisis. The data from the Mexican economy was used to illustrate the model. Based on the results, a deterioration in fundamentals appears to have generated high one-step-ahead probabilities for the regime changes during the sample period 1982-1994. Particularly, increases in inflation differentials, appreciations of the real exchange rate, foreign reserve losses, expansionary monetary and fiscal policies, and increases in the share of short-term foreign currency debt appear to have contributed to the market pressures and regime changes in that period. 
588 |a Description based on print version record. 
700 1 |a Pazarbasioglu, Ceyla. 
776 0 8 |i Print Version:  |a Otker, Inci  |t Speculative Attacks and Currency Crises: The Mexican Experience  |d Washington, D.C. : International Monetary Fund, 2021.  |z 9781451853544. 
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