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- W2121908165 abstract "This paper addresses two questions: (i) how do governments actually pay for the fiscal costs associated with currency crises; and (ii) what are the implications of different financing methods for post-crisis rates of inflation and depreciation? We study these questions using a general equilibrium model in which a currency crisis is triggered by prospective government deficits. We then use our model in conjunction with fiscal data to interpret government financing in the wake of three recent currency crises: Korea (1997), Mexico (1994) and Turkey (2001)." @default.
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- W2121908165 date "2003-01-01" @default.
- W2121908165 modified "2023-09-23" @default.
- W2121908165 title "Government Finance in the Wake of Currency Crises" @default.
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- W2121908165 doi "https://doi.org/10.2139/ssrn.411541" @default.
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