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100 1 _aESPANA, Juan R.
_93293
245 1 0 _aPrediction and management of currency crises in Latin America
260 _aNew York :
_bMarcel Dekker,
_c2000
520 3 _aIn recent decades, currency crises in Latin America have often marked the beginning of prolonged periods of inflation, economic recession, and depressed foreign investment. Attempts to anticipate such financial breakdowns have met with relatively little success. As the survey of existing models indicates, there seems to be little hope for the development of a forecasting framework able to predict exhange rate movements with a sufficient degree of accuracy and anticipation that would allow policy markers to mount a timely intervention in currency markets. The analysis of past currency crises, however, shows some common elements which might help formulate benchmarks that could be used as predictive parameters inthe future. This paper provides a survey of the models and tools currently used to predict exchange rate movements. It analyzes the origin and evolution of the 1994 Mexican Peso crisis, its contagion effects on other Latin American economies, and the measures taken by the affected countries to manage the crisis. We summarize some of the market solutions, economic policy measures and institutional arrangements adopted in the wake of the December 1994 events as well as some of the lessons that seem to have transpired from this experience
590 _aVolume 23
590 _aNumbers 5-8
773 0 8 _tInternational Journal of Public Administration - IJPA
_g23, 5-8, p. 1061-1088
_dNew York : Marcel Dekker, 2000
_xISSN 01900692
_w
942 _cS
998 _a20030217
_bLucima
_cLucimara
998 _a20100531
_b1728^b
_cCarolina
999 _aConvertido do Formato PHL
_bPHL2MARC21 1.1
_c11356
_d11356
041 _aeng