The paper analyzes the adjustment process in the aftermath of speculative attacks against the currencies of six countries - Argentina, Brazil, Mexico, Indonesia, Korea, and Thailand. Even though the Mexican and Argentine crises of 1995, and the Brazilian adjustment after October 1997, were certainly costly, the Asian crises of 1997 were deeper and the recovery of the economy was slower. The paper relies on rank-correlation analysis, and economic indexing...
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1999/06/30
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Publicação
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19607
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1
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1
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2000/06/28
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Disclosed
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Adjustments after speculative attacks in Latin America and Asia : a tale of two regions?
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speculative attack
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