Contagion Effect of Currency Crises : a Probit Approach
広島大学経済学研究 Issue 24
Page 65-101
published_at 2007-02-28
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この文献の参照には次のURLをご利用ください : https://doi.org/10.15027/17390
| File | |
| Title ( eng ) |
Contagion Effect of Currency Crises : a Probit Approach
|
| Creator |
Guo Hongxia
|
| Source Title |
広島大学経済学研究
The Economic Studies
|
| Issue | 24 |
| Start Page | 65 |
| End Page | 101 |
| Abstract |
In this paper, we analyze the role of trade contagion, financial contagion, and fundamentals in the propagation of currency crisis. For the Asian, Russian, Brazilian, and Argentinean crisis, panel probit regression applied on 30 emerging market countries shows that trade contagion plays a significant role, and financial contagion is also an effective channel in the transmission of these crises. For the Mexican crisis, cross-section probit regression on 24 developing countries shows that fundamentals can explain the occurrence of Mexican crisis mostly. Either trade contagion or financial contagion plays some role in the spread of the Mexican crisis.
|
| Keywords |
currency crises
trade contagion
financial contagion
emerging markets
|
| NDC |
Economics [ 330 ]
|
| Language |
eng
|
| Resource Type | departmental bulletin paper |
| Publisher |
広島大学経済学会
|
| Date of Issued | 2007-02-28 |
| Publish Type | Version of Record |
| Access Rights | open access |
| Source Identifier |
[ISSN] 0288-2434
[NCID] AN1023014X
|
