ASEAN currency crises and contagion effects
Mohammed Yusoff, Muhamed Zulkhibri
Abstract
Mohammed Yusoff, Muhamed Zulkhibri
Abstract
This study examines the determinants of currency crises in ASEAN countries. The empirical results indicate that reserves inadequacy, an increase in banks' claims on the private sector, a deteriorating trade balance and misalignment of real exchange rates increase the probability of a speculative attack on a currency. The results also suggest that currency crises could be contagious.
OpenAlex reports 4 citations for this work. Citation counts describe recorded attention and do not establish research quality.
A contribution statement is not available in the OpenAlex record.
Method details are not available in the OpenAlex metadata.
Findings are not separately available in the OpenAlex metadata.
Limitations are not available in the OpenAlex metadata.
Application details are not available in the OpenAlex metadata.
This study examines the determinants of currency crises in ASEAN countries. The empirical results indicate that reserves inadequacy, an increase in banks' claims on the private sector, a deteriorating trade balance and misalignment of real exchange rates increase the probability of a speculative attack on a currency. The results also suggest that currency crises could be contagious.
Key concepts: Currency, Monetary economics, Currency crisis, Economics, Exchange rate, Reserve currency, International economics, Foreign exchange risk