Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/19839 
Erscheinungsjahr: 
2006
Schriftenreihe/Nr.: 
Proceedings of the German Development Economics Conference, Berlin 2006 No. 11
Verlag: 
Verein für Socialpolitik, Ausschuss für Entwicklungsländer, Hannover
Zusammenfassung: 
We 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.
Dokumentart: 
Conference Paper

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