Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/114605
Authors: 
Cruz-Rodríguez, Alexis
Year of Publication: 
2014
Citation: 
[Journal:] International Journal of Economic Sciences and Applied Research [ISSN:] 1791-3373 [Volume:] 7 [Year:] 2014 [Issue:] 1 [Pages:] 69-87
Abstract: 
This paper uses Granger causality tests on a fiscal sustainability indicator (FSI) and currency crises for 17 countries to evaluate the direction of causality between the FSI and currency crises. The FSI developed by Croce and Juan-Ramón (2003) is used. Also, different definitions for currency crises are used to evaluate whether they induce different results in the analysis. In general, the results suggest evidence of causality between the lagged FSI and currency crises.
Subjects: 
Currency crisis
foreign exchange
fiscal sustainability
Granger causality
JEL: 
F31
F33
E62
Document Type: 
Article

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