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dc.contributor.authorHerz, Bernharden_US
dc.contributor.authorBauer, Christianen_US
dc.contributor.authorKarb, Volkeren_US
dc.date.accessioned2009-01-28T16:07:56Z-
dc.date.available2009-01-28T16:07:56Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/19839-
dc.description.abstractWe show theoretically and empirically that twin currency and debt crises should be treated as a particular crisis type. Twin currency and debt crises differ from both pure currency and pure debt crises in their determinants, the course of the crises, and their economic consequences. We find that each crises type has a unique set of macroeconomic causes. We also uncover internal contagion and selection bias effects which may lead to biased results if twin crises are not treated separately. Such a separation considerably improve the efficiency of early warning systems especially on debt and twin crises.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesProceedings of the German Development Economics Conference, Berlin 2006 / Verein für Socialpolitik, Research Committee Development Economics 11en_US
dc.subject.ddc330en_US
dc.titleAre twin currency and debt crises special?en_US
dc.typeConference Paperen_US
dc.identifier.ppn517906775en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:gdec06:4734-
Appears in Collections:Proceedings of the German Development Economics Conference, 2006 (Berlin)

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