The nber project on exchange rate crises in emerging market countries. By donald j mathieson anthony richards and sunil sharma since 1982 emerging markets have been rocked by three major financial crises how can they . The causes of the currency crises in emerging markets during the late 1990s have been the subject of much debate especially considering that before the . We present a simple model that can account for the main features of recent financial crises in emerging markets the international illiquidity of the . A model of financial crises in emerging markets roberto chang and andresvelasco we develop a model in which financial crises in emerging markets may occur
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