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The Relationship between Fiscal Sustainability and Currency Crises in Some Selected Countries

  
25 ene 2014

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The aim of this article is to assess whether a Fiscal Sustainability Indicator (FSI) can be used to predict the probability that a currency crisis occurs. The FSI developed by Croce and Juan-Ramón (2003) is employed. Two different definitions for currency crises are used to evaluate whether they induce different results in the analysis. In general, the results suggest that the lagged FSI has an explanatory power over currency crises in some countries.

Idioma:
Inglés
Calendario de la edición:
2 veces al año
Temas de la revista:
Negocios y Economía, Economía política, Teoría económica, sistemas y estructuras