Prospective Deficits and the Asian Currency Crisis
收藏NBER1998-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w6758
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资源简介：
This paper argues that the recent Southeast Asian currency crisis was caused by large prospective deficits associated with implicit bailout guarantees to failing banking systems. We articulate this view using a simple dynamic general equilibrium model whose key feature is that a speculative attack
提供机构：
美国国家经济研究局
创建时间：
1998-10-01
