Arbeitspapier
An iron law of currency crisis: the divergence of the nominal and the real exchange rate and increasing current account deficits
The currency crises of the 1990s all exhibit a divergence of the nominal and the real exchange rate together with an increase in the negative current account. The nominal rate does not reflect inflation differences fully and the ensuing real appreciation leads to a negative current account. This pattern holds for the Czech, the Mexican, Brazilian, Argentinian as well as the South Korean currency crises. It seems to be an iron law of currency crises.
- Sprache
-
Englisch
- Erschienen in
-
Series: Kiel Working Paper ; No. 1106
- Klassifikation
-
Wirtschaft
- Thema
-
real exchange rate
devaluation
currency crisis
Währungskrise
Kaufkraftparität
Leistungsbilanz
Abwertung
Mexiko
Brasilien
Argentinien
Südkorea
Tschechische Republik
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Siebert, Horst
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute of World Economics (IfW)
- (wo)
-
Kiel
- (wann)
-
2002
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:46 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Siebert, Horst
- Kiel Institute of World Economics (IfW)
Entstanden
- 2002
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