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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Автор: Valdes, Rodrigo
Інші автори: Goldfajn, Ilan
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 1997.
Серія:IMF Working Papers; Working Paper ; No. 1997/159
Онлайн доступ:Full text available on IMF
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245 1 0 |a Are Currency Crises Predictable? /  |c Rodrigo Valdes, Ilan Goldfajn. 
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490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a 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 exchange rate misalignment into consideration, expectations fail to anticipate currency crises. 
538 |a Mode of access: Internet 
700 1 |a Goldfajn, Ilan. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1997/159 
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