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

AZIZ, J., CARAMAZZA, F., SALGADO, R. (2000). Currency crises: In search of common elements. Working Paper WP/00/67, International Monetary Fund.10.2139/ssrn.879561Search in Google Scholar

BERG, A., PATTILLO, C. (1999a). Are currency crises predictable? A test. IMF Staff Papers.46(2).Pp.107-138.10.2139/ssrn.882733Search in Google Scholar

BERG, A., PATTILLO, C. (1999b). Predicting currency crises: The indicators approach and an alternative. Journal of International Money and Finance. 18(4). Pp.561-586. DOI: 10.1016/S0261-5606(99)00024-810.1016/S0261-5606(99)00024-8Search in Google Scholar

BROOME, S., MORLEY, B. (2004). Stock prices as a leading indicator of the East Asian financial crisis. Journal of Asian Economics, 15. Pp. 189-197. DOI: 10.1016/j.asieco.2003.12.00810.1016/j.asieco.2003.12.008Search in Google Scholar

BURKART, O., COUDERT, V. (2002). Leading indicators of currency crises for emerging countries. Emerging Markets Review, 3. Pp. 107-133. DOI: 10.1016/S1566-0141(02)00002-X CHANG, R., VELASCO, A. (2001). A model of financial crises in emerging markets. Quarterly Journal of Economics, 116(2). Pp.489-514. DOI: 10.1162/0033553015114408710.1162/00335530151144087Search in Google Scholar

COMELLI, F. (2013). Comparing parametric and non-parametric early warning systems for currency crises in emerging market economies. Working Paper WP/13/124, International Monetary Fund.10.5089/9781484300589.001Search in Google Scholar

CREPO-CUARESMA, J., SLACIK, T. (2007). Predicting currency crises using the term structure of relative interest rates: Case studies of the Czech Republic and Russia. Focus on European Economic Integration, Issue 1. Pp. 135-149.Search in Google Scholar

CREPO-CUARESMA, J., SLACIK, T. (2009). On determinants of currency crises: The role of model uncertainty. Journal of Macroeconomics, 31(4). Pp. 621-632. DOI: 10.1016/j.jmacro.2009.01.00410.1016/j.jmacro.2009.01.004Search in Google Scholar

CROCE, E., JUAN-RAMÓN, V. H. (2003). Assessing fiscal sustainability: A crosscountry comparison. Working Paper WP/03/145, International Monetary Fund.Search in Google Scholar

EICHENGREEN, B., ROSE, A. K., WYPLOSZ, C. (1994). Speculative attacks on pegged exchange rates: An empirical exploration with special reference to the European Monetary System. Working Paper 4898, National Bureau of Economics Research.10.3386/w4898Search in Google Scholar

EICHENGREEN, B., ROSE, A. K., WYPLOSZ, C. (1996). Contagious currency crises: First tests. Scandinavian Journal of Economics, 98. Pp. 463-484. DOI: 10.2307/344087910.2307/3440879Search in Google Scholar

ESTRELLA, A. (1998). A new measure of fit for equations with dichotomous dependent variables. Journal of Business & Economic Statistics, 16(2). Pp. 198-205.Search in Google Scholar

FLOOD, R., GARBER, P. (1984). Collapsing exchange rate regimes: Some linear examples. Journal of International Economics, 17. Pp.1-13. DOI: 10.1016/0022-1996(84)90002-310.1016/0022-1996(84)90002-3Search in Google Scholar

FLOOD, R. and MARION, N. (1996). Speculative attacks: Fundamentals and selffulfilling prophecies. Working Paper 5789, National Bureau of Economic Research.Search in Google Scholar

FRANKEL, J. A., ROSE, A. K. (1996). Currency crashes in emerging markets: An empirical treatment. Journal of International Economics, 41. Pp. 351-366. DOI: 10.1016/S0022-1996(96)01441-910.1016/S0022-1996(96)01441-9Search in Google Scholar

FRANKEL, J. A., SARAVELO, G. (2012). Can leading indicators assess country vulnerability? Evidence from 2008-09 global financial crisis. Journal of International Economics, 87(2). Pp. 216-231. DOI: 10.1016/S0022-1996(96)01441-910.1016/S0022-1996(96)01441-9Search in Google Scholar

GIRTON, L., ROPER, D. (1977). A monetary model of exchange market pressure applied to the post-war Canadian experience. American Economic Review, 67. Pp. 537-548.Search in Google Scholar

GOLDFAJN, I., VALDÉS, R. O. (1998). Are currency crises predictable? European Economic Review, 42. Pp. 873-885.Search in Google Scholar

GOLDSTEIN, M., KAMINSKY, G., REINHART, C. M. (2000). Assessing Financial Vulnerability: An Early Warning System for Emerging Markets. Institute for International Economics. Washington, DC. DOI: 10.1016/S0014-2921(97)00126-810.1016/S0014-2921(97)00126-8Search in Google Scholar

KAMINSKY, G., LIZONDO, S., REINHART, C. (1998). Leading indicators of currency crises. Staff Papers.45(1).Pp.1-48.10.2307/3867328Search in Google Scholar

KAMINSKY, G., REINHART, C. (1999). The twin crises: The causes of banking and balance of payments problems. American Economic Review, 89(3). Pp.473-500. DOI: 10.1257/aer.89.3.47310.1257/aer.89.3.473Search in Google Scholar

KRUGMAN, P. (1979). A model of balance of payments crises. Journal of Money, Credit and Banking, 11. Pp.311-325. DOI: 10.2307/199179310.2307/1991793Search in Google Scholar

KRUGMAN, P. (1996). Are currency crises self-fulfilling? In NBER Macroeconomic Annual (2). Pp.345-378. DOI: 10.2307/358520710.2307/3585207Search in Google Scholar

KUMAR, M., MOORTHY, U., PERRAUDIN, W. (2003). Predicting emerging market currency crashes. Journal of Empirical Finance, 10(4). Pp.427-454. DOI: 10.1016/S0927-5398(02)00068-310.1016/S0927-5398(02)00068-3Search in Google Scholar

OBSTFELD, M. (1986). Rational and self-fulfilling balance of payments crises. American Economic Review, 76.Pp.72-81.Search in Google Scholar

OBSTFELD, M. (1996). Models of currency crises with self-fulfilling features.European Economic Review, 40. Pp.1037-1048. DOI: 10.1016/0014-2921(95)00111-510.1016/0014-2921(95)00111-5Search in Google Scholar

RANGVID, J. (2001). Second generation models of currency crises. Journal of Economic Survey, 15(5). Pp.613-641. DOI: 10.1111/1467-6419.0015110.1111/1467-6419.00151Search in Google Scholar

SY, A. N. (2004). Rating the rating agencies: Anticipating currency crises or debt crises? Journal of Banking & Finance, 28. Pp. 2845-2867. DOI: 10.1016/j.jbankfin.2004.06.01210.1016/j.jbankfin.2004.06.012Search in Google Scholar

VEAL, M. R., ZIMMERMAN, K. F. (1992). Pseudo-R2’s in the ordinal probit model. Journal of Mathematical Sociology. 16. Pp.333-342. DOI: 10.1080/0022250X.1992.9990094 10.1080/0022250X.1992.9990094Search in Google Scholar