Leading indicators of currency crisis : an application to the 1996 South African currency crisis

 

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dc.contributor.advisor Kahn, Brian en_ZA
dc.contributor.author Seipone, Ruth Bonolo en_ZA
dc.date.accessioned 2014-11-14T03:54:15Z
dc.date.available 2014-11-14T03:54:15Z
dc.date.issued 1998 en_ZA
dc.identifier.citation Seipone, R. 1998. Leading indicators of currency crisis : an application to the 1996 South African currency crisis. University of Cape Town. en_ZA
dc.identifier.uri http://hdl.handle.net/11427/9599
dc.description Bibliography: leaves [73-77] en_ZA
dc.description.abstract Prior to the 1990 currency crisis theoretical and empirical studies concentrated on establishing the causes of currency crises. Models developed then focused mainly on finding out a fixed exchange rate policy combined with excessively expansionary pre-crisis fundamentals push the economy into crisis with the private sector trying to profit from inconsistent policies. The 1990 currency crises on government controlled exchange rate in Europe and Mexico led to the development of new models called the second generation models on which a crisis occurs when the economy suddenly jumps from one solution to the other resulting in multiple equilibria. In these models the main cause of this multiplicity is the interaction between the private sector and government behaviour. There is no policy inconsistency before the crisis but the crisis itself induces a policy change that make the crises self- fulfilling. Policy- makers and academics have therefore focused their attention on policy discussions that involve identifying indicators of currency crisis. The process involves setting up early warning systems by monitoring the behaviour of certain key indicators. en_ZA
dc.language.iso eng en_ZA
dc.subject.other Economics en_ZA
dc.title Leading indicators of currency crisis : an application to the 1996 South African currency crisis en_ZA
dc.type Master Thesis
uct.type.publication Research en_ZA
uct.type.resource Thesis en_ZA
dc.publisher.institution University of Cape Town
dc.publisher.faculty Faculty of Commerce en_ZA
dc.publisher.department School of Economics en_ZA
dc.type.qualificationlevel Masters
dc.type.qualificationname MA en_ZA
uct.type.filetype Text
uct.type.filetype Image
dc.identifier.apacitation Seipone, R. B. (1998). <i>Leading indicators of currency crisis : an application to the 1996 South African currency crisis</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,School of Economics. Retrieved from http://hdl.handle.net/11427/9599 en_ZA
dc.identifier.chicagocitation Seipone, Ruth Bonolo. <i>"Leading indicators of currency crisis : an application to the 1996 South African currency crisis."</i> Thesis., University of Cape Town ,Faculty of Commerce ,School of Economics, 1998. http://hdl.handle.net/11427/9599 en_ZA
dc.identifier.vancouvercitation Seipone RB. Leading indicators of currency crisis : an application to the 1996 South African currency crisis. [Thesis]. University of Cape Town ,Faculty of Commerce ,School of Economics, 1998 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/9599 en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Seipone, Ruth Bonolo AB - Prior to the 1990 currency crisis theoretical and empirical studies concentrated on establishing the causes of currency crises. Models developed then focused mainly on finding out a fixed exchange rate policy combined with excessively expansionary pre-crisis fundamentals push the economy into crisis with the private sector trying to profit from inconsistent policies. The 1990 currency crises on government controlled exchange rate in Europe and Mexico led to the development of new models called the second generation models on which a crisis occurs when the economy suddenly jumps from one solution to the other resulting in multiple equilibria. In these models the main cause of this multiplicity is the interaction between the private sector and government behaviour. There is no policy inconsistency before the crisis but the crisis itself induces a policy change that make the crises self- fulfilling. Policy- makers and academics have therefore focused their attention on policy discussions that involve identifying indicators of currency crisis. The process involves setting up early warning systems by monitoring the behaviour of certain key indicators. DA - 1998 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 1998 T1 - Leading indicators of currency crisis : an application to the 1996 South African currency crisis TI - Leading indicators of currency crisis : an application to the 1996 South African currency crisis UR - http://hdl.handle.net/11427/9599 ER - en_ZA


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