Currency crashes in industrial countries
much ado about nothing?
by Joseph E. Gagnon
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"Sharp exchange rate depreciations, or currency crashes, are associated with poor economic outcomes in industrial countries only when they are caused by inflationary macroeconomic policies. Moreover, the poor outcomes are attributable to inflationary policies in general and not the currency crashes in particular. On the other hand, crashes caused by rising unemployment or external deficits have always had good economic consequences with stable or falling inflation rates"--Federal Reserve Board web site.
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Currency crashes in industrial countries: much ado about nothing?
2009, Federal Reserve Board
Electronic resource
in English
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Title from PDF file as viewed on 6/22/2009.
Includes bibliographical references.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.
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| October 29, 2020 | Edited by MARC Bot | import existing book |
| December 10, 2009 | Created by WorkBot | add works page |