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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Détails bibliographiques
Auteur principal: Valdes, Rodrigo
Autres auteurs: Goldfajn, Ilan
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 1997.
Collection:IMF Working Papers; Working Paper ; No. 1997/159
Accès en ligne:Full text available on IMF