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

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dc.contributor.advisorKahn, Brianen_ZA
dc.contributor.authorSeipone, Ruth Bonoloen_ZA
dc.date.accessioned2014-11-14T03:54:15Z
dc.date.available2014-11-14T03:54:15Z
dc.date.issued1998en_ZA
dc.descriptionBibliography: leaves [73-77]en_ZA
dc.description.abstractPrior 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.identifier.apacitationSeipone, 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/11427/9599en_ZA
dc.identifier.chicagocitationSeipone, 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/11427/9599en_ZA
dc.identifier.citationSeipone, R. 1998. Leading indicators of currency crisis : an application to the 1996 South African currency crisis. University of Cape Town.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
dc.identifier.urihttp://hdl.handle.net/11427/9599
dc.identifier.vancouvercitationSeipone 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/11427/9599en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentSchool of Economicsen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherEconomicsen_ZA
dc.titleLeading indicators of currency crisis : an application to the 1996 South African currency crisisen_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMAen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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