Pegging Out: Lessons from the Czech Exchange Rate Crisis
نویسندگان
چکیده
منابع مشابه
Exchange - Rate Pegging in Emerging - Market Countries ?
This paper examines the question of whether pegging exchange rates is a good strategy for emergingmarket countries. Although pegging the exchange rate provides a nominal anchor for emerging market countries that can help them to control inflation, the analysis in this paper does not provide support for this strategy for the conduct of monetary policy. First there are the usual criticisms of exc...
متن کاملLessons from the Crisis
This chapter aims to contribute to the debate on fi nancial system reform. In the fi rst part I describe what I perceive to be a massive regulatory failure, a breakdown that goes all the way from regulatory fundamentals to prudential implementation. Although there has been some truly shocking behavior in the world of fi nance, the universal denunciation of “fi nancial madness” is pointless. Man...
متن کاملLessons from the Tequila Crisis
This paper draws several important lessons from the Tequila Crisis of 1994 and 1995. The overriding lesson is that the dynamics of ®nancial crises in emerging market countries dier from those in industrialized countries because institutional features of their debt markets dier. Several policy lessons for emerging market countries also emerge from the analysis: (1) pegged exchange-rate regimes...
متن کاملHow to Minimize the Impact of Pandemic Events: Lessons From the COVID-19 Crisis
Severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) is responsible for the current pandemic of coronavirus disease 2019 (COVID-19). This pandemic is characterized by a high variability in death rate (defined as the ratio between the number of deaths and the total number of infected people) across world countries. Several possible explanations have been proposed, but it is not clear whe...
متن کاملThe U.S. Financial Crisis: Lessons From Sweden
In the early 1990s, Sweden faced a banking and exchange rate crisis that led it to rescue banks that had experienced large losses on their balance sheets and that threatened a collapse of the banking system. Some analysts and others argue that Sweden’s experience could provide useful lessons for the execution and implementation of the Emergency Economic Stabilization Act of 2008. The banking cr...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Comparative Economics
سال: 1998
ISSN: 0147-5967
DOI: 10.1006/jcec.1998.1556