Series: IMF Working Papers
Author(s): Nancy Marion , and Robert Flood
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 2001
Keywords: Currency crisis, bank crisis, exchange rate, shadow exchange rate, fixed exchange rate, hedging, domestic-currency, International Finance: General, International Lending and Debt Problems,
We develop a simple framework for studying the joint distribution of banking and currency crises triggered by real shocks. Our framework illustrates the fact that bank and currency collapses are related but they ar...