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- W2139251219 abstract "Comment: What Nancy Marion does in this paper is to present a cohesive survey of three strands of literature: the theoretical literature on currency crises, banking crises, and the more recent papers that have attempted to link the two. It is the crisis literature, which focuses on banking crises in open economy models, that the paper devotes the most attention to. Like the literature on currency crises, very different interpretations of the causes of the twin crises have been offered and this paper lays out some of the key differences between first generation models, which stress the role of economic fundamentals, and second generation models, which highlight the role of self-fulfilling crises and multiplicity of equilibria." @default.
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- W2139251219 date "1999-01-01" @default.
- W2139251219 modified "2023-09-27" @default.
- W2139251219 title "Some Parallels Between Currency and Banking Crises: A Comment" @default.
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