Abstract
This paper reassesses the informative content of macroeconomic fundamentals with respect to currency crisis prediction for the period of the 1990s on a group of 46 developed and emerging economies. A distinction is made between variables emphasized by ‘first generation’ and ‘second generation’ models. Special attention is directed towards multiple equilibria and contagion phenomena.
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Sasin, M. (2003). Predicting Currency Crises, the Role of Multiple Equilibria and the Contagion Effect. In: Dąbrowski, M. (eds) Currency Crises in Emerging Markets. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-0343-9_2
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DOI: https://doi.org/10.1007/978-1-4615-0343-9_2
Publisher Name: Springer, Boston, MA
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Online ISBN: 978-1-4615-0343-9
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