A Model of the Joint Distribution of Banking and Exchange-Rate Crises /

We develop a simple framework for studying the joint distribution of banking and currency crises triggered by real shocks. Our framework illustrates the fact that bank and currency collapses are related but they are not the same thing. Studying currency and bank collapses either in isolation or in p...

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Bibliographic Details
Main Author: Marion, Nancy
Other Authors: Flood, Robert
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2001.
Series:IMF Working Papers; Working Paper ; No. 2001/213
Online Access:Full text available on IMF