MEXICAN CURRENCY CRISIS: OVERVIEW AND LESSONS
Economic theory did not encounter specific definition about currency crisis that is acceptable as universal. However, when we think about currency crisis the first thing we recall is a massive escape of investors from the currency for which they fear will depreciate thus affecting that this devaluat...
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| Veröffentlicht in: | International journal of information, business and management business and management, 2018-11, Vol.10 (4), p.81-88 |
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| description | Economic theory did not encounter specific definition about currency crisis that is acceptable as universal. However, when we think about currency crisis the first thing we recall is a massive escape of investors from the currency for which they fear will depreciate thus affecting that this devaluation to really happen at a more financial repressive dimension than usual. In such a situation currency loses its stability and confidence, and if there are no sufficient international reserves then this can result in serious financial crisis. The aim of the paper is underling the utilization of theoretical knowledge about currency crises and focusing on the evaluation of existing theoretical models, over the last fifteen years, which were developed different theoretical models of currency crises in order to explain disruptions in the financial system or collapse of the exchange rate. Also, here we determinate the reasons and implications of a currency crisis, as the crucial role of the foreign exchange reserve for a country and behavior of investor in such a circumstances. |
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| ispartof | International journal of information, business and management, 2018-11, Vol.10 (4), p.81-88 |
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| language | eng |
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| source | Elektronische Zeitschriftenbibliothek - Frei zugängliche E-Journals |
| subjects | Banking Budget deficits Central banks Currency devaluation Economic activity Economic conditions Economic models Economic policy Emerging markets Fixed exchange rates Foreign exchange rates Generations Interest rates Macroeconomics Money markets Reserve assets Theory Unemployment |
| title | MEXICAN CURRENCY CRISIS: OVERVIEW AND LESSONS |
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