Currency Crisis

• Main Author: Islam, Faridul (auth)
• Format: Electronic Book Chapter
• Language: English
• Published: MDPI - Multidisciplinary Digital Publishing Institute 2019
• Subjects: Special Drawing Rights (SDRs); banking crises; reserve currency; asymmetry; derivative; Asian crisis; policy uncertainty; monetary plurality; mortgage crisis; nonlinear ARDL; China; emerging market economies; exchange rates; default swap; LIBOR; currency; cash flow; Belt and Road Initiative; money demand; commodity price stabilisation; trade balance; risk management; Argentina; RMB internationalization; GMM; currency convertibility; investment; Grondona system; exchange rate disconnect puzzle; monetary policy; NARDL; Special Drawing Right; currency pegs; international monetary system; economic institutions; cointegration; macroeconomic fundamentals; currency crisis; the U.S.A.
• Online Access: DOAB: download the publication; DOAB: description of the publication

Financial crises are nothing new in the annals of history of the capitalistic path of economic development; indeed, they are part of business cycle. The theoretical basis for this is well entrenched in the concept of 'Keynesian Cross'. Tales of crises date back centuries, but have taken a...