Fatores comuns determinantes de crises cambiais e financeiras
By: BESSA, Cristina
.
Contributor(s): MOREIRA, Tito | BARATA, Maurício | SOARES, Fernando Ribeiro.
Material type: 
ArticlePublisher: São Paulo : Editora 34, out./dez. 2010Revista de Economia Política = Brazilian Journal of Political Economy 30, 4, p. 604-624Abstract: Determinative common factors of currency and financial crisis. This paper identifies and evaluates determinative common factors of currency and financial crisis in relation to 86 crises episodes between 1970-2004, based on factor analysis, cluster and discriminant analysis. One evidenced that the rise of the ratios of domestic credit, fiscal deficit and residents bank deposits to the GDP is inherent to the different types of crises classified for economic literature. It was also identified as common factors to these episodes some indicators that capture the excessive monetary expansion of the economies and that reflect the fall in international reserves, represented by M2/Reserves and Imports/Reserves ratios and also the total volume of international reserves
Determinative common factors of currency and financial crisis. This paper identifies and evaluates determinative common factors of currency and financial crisis in relation to 86 crises episodes between 1970-2004, based on factor analysis, cluster and discriminant analysis. One evidenced that the rise of the ratios of domestic credit, fiscal deficit and residents bank deposits to the GDP is inherent to the different types of crises classified for economic literature. It was also identified as common factors to these episodes some indicators that capture the excessive monetary expansion of the economies and that reflect the fall in international reserves, represented by M2/Reserves and Imports/Reserves ratios and also the total volume of international reserves
v. 30, n. 4(120)
Click on an image to view it in the image viewer
There are no comments for this item.