This paper examines the empirical evidence on currency crises and proposes a specific
early warning system. This system involves monitoring the evolution of several indicators …

This paper examines the empirical evidence on currency crises and proposes a specific
early warning system. This system involves monitoring the evolution of several indicators …

In the 1990s, currency crises in Europe, Mexico and Southeast Asia have drawn worldwide
attention to speculative attacks on government‐controlled exchange rates. To improve our …

The paper presents estimates of devaluation expectations for six ERM currencies relative to
the Deutsche mark, for the period March 1979–April 1992. Both the 'simplest test'and the …

Abstract Central Reserve announced the Monetary Policy Rate and equally interested in the
output of exchange rate and price stability. Besides having a stabilizing effect on the price …

Abstract Why Are Currency Crises Contagious? A Comparison of the Latin American Crisis
of 1994–1995 and the Asian Crisis of 1997–1998.—This paper analyzes three channels …

This work selectively reviews the literature on exchange rate target zones and their
theoretical and empirical methodologies and examines whether they can be used to clarify …

Türkiye ekonomisinde finansal liberalizasyon süreci ile ortaya çıkan faiz oranı-döviz kuru
ilişkisinin kırılgan bir yapı oluşturduğu ve bu durumun ülkenin risk priminin yükselmesiyle …

This paper examines the impact of real exchange-rate volatility on the trade flows of eight
European economies in the context of a multivariate error-correction model. The advantages …

This article examines the impact of real exchange-rate volatility on the trade flows of
Denmark, the Netherlands, Sweden, and Switzerland in the context of a multivariate error …