What people are saying - Write a review
We haven't found any reviews in the usual places.
A Graphical Representation
1 other sections not shown
Other editions - View all
Asian crisis bad shocks bank and currency bank collapse bank licenses bank returns blanket guarantees bond financing break-even line break-even point central bank reserves commercial banks conditional on bank conditional on currency cover their foreign-currency currency and bank currency collapse currency crisis domestic currency domestic interest rate domestic-currency drives banks dt+1 economy equation 21 exchange rate collapses exchange rate conditional exchange rate lines exchange-rate collapse expected spot rate expected value Figure fixed exchange rate foreign exchange market foreign liabilities foreign reserves foreign-currency exposure foreign-currency liabilities framework future exchange rate government debt increases Indonesia international reserves joint collapses Korea likelihood of crises linearize liquidity support money market nominal money percent of GDP period point for banks probability of joint real shock right-hand side risk-neutral hedging shadow exchange rate shadow rate conditional shadow rate lines side of equation spot exchange rate Thailand