This paper evaluates three models for predicting currency crises that were proposed before 1997. The idea is to answer the question: if we had been using these
This paper studies whether exchange rate expectations and overvaluations are predictors of currency crises. The results suggest that overvaluation has predictiv
In the 1990s, currency crises in Europe, Mexico and Southeast Asia have drawn worldwide attention to speculative attacks on government-controlled exchange rates
Economists and policymakers are still trying to understand the lessons recent financial crises in Asia and other emerging market countries hold for the future o
