New Palgrave Dictionary of Economics Third Edition
Currency Crises Models
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Burnside, C; Eichenbaum, M; Rebelo, S
January 1, 2018
Currency crises have occurred frequently in the post-war era. In this article we review the literature on the causes and consequences of currency crises. First- generation models attribute a central role to fiscal policy as a fundamental determinant of crises. Second-generation models emphasize the possibility of selffulfilling speculative attacks and multiple equilibria. Third-generation models stress how financial fragility can lead to currency crises.
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Burnside, C., Eichenbaum, M., & Rebelo, S. (2018). Currency Crises Models. In New Palgrave Dictionary of Economics Third Edition (pp. 2551–2554). https://doi.org/10.1057/978-1-349-95189-5_2177
Burnside, C., M. Eichenbaum, and S. Rebelo. “Currency Crises Models.” In New Palgrave Dictionary of Economics Third Edition, 2551–54, 2018. https://doi.org/10.1057/978-1-349-95189-5_2177.
Burnside C, Eichenbaum M, Rebelo S. Currency Crises Models. In: New Palgrave Dictionary of Economics Third Edition. 2018. p. 2551–4.
Burnside, C., et al. “Currency Crises Models.” New Palgrave Dictionary of Economics Third Edition, 2018, pp. 2551–54. Scopus, doi:10.1057/978-1-349-95189-5_2177.
Burnside C, Eichenbaum M, Rebelo S. Currency Crises Models. New Palgrave Dictionary of Economics Third Edition. 2018. p. 2551–2554.