Abstract
There have been many currency crises during the post-war era (see Kaminsky and Reinhart, 1999). A currency crisis is an episode in which the exchange rate depreciates substantially during a short period of time. There is an extensive literature on the causes and consequences of a currency crisis in a country with a fixed or heavily managed exchange rate. The models in this literature are often categorized as first-, second- or third-generation.
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Burnside, C., Eichenbaum, M., Rebelo, S. (2016). currency crises models. In: Jones, G. (eds) Banking Crises. Palgrave Macmillan, London. https://doi.org/10.1057/9781137553799_11
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DOI: https://doi.org/10.1057/9781137553799_11
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-55412-6
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