Current Account Reversals and Currency Crises : Empirical Regularities /

This paper studies large reductions in current account deficits and exchange rate depreciations in low- and middle-income countries. It examines which factors help predict the occurrence of a reversal or a currency crisis, and how these events affect macroeconomic performance. Both domestic factors,...

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Bibliographic Details
Main Author: Milesi-Ferretti, Gian
Other Authors: Razin, Assaf
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1998.
Series:IMF Working Papers; Working Paper ; No. 1998/089
Online Access:Full text available on IMF