Are Currency Crises Predictable? /
This paper studies whether exchange rate expectations and overvaluations are predictors of currency crises. The results suggest that overvaluation has predictive power in explaining crises. However, although expected depreciation obtained from survey data partially takes different measures of exchan...
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Format: | Revue |
Langue: | English |
Publié: |
Washington, D.C. :
International Monetary Fund,
1997.
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Collection: | IMF Working Papers; Working Paper ;
No. 1997/159 |
Accès en ligne: | Full text available on IMF |