Is there a relationship between fiscal sustainability and currency crises International evidence based on causality tests Reportar como inadecuado




Is there a relationship between fiscal sustainability and currency crises International evidence based on causality tests - Descarga este documento en PDF. Documentación en PDF para descargar gratis. Disponible también para leer online.

Abstract

This paper uses Granger causality tests on a fiscal sustainability indicator FSI and currency crises for 17 countries to evaluate the direction of causality between the FSI and currency crises. The FSI developed by Croce and Juan-Ramón 2003 is used. Also, different definitions for currency crises are used to evaluate whether they induce different results in the analysis. In general, the results suggest evidence of causality between the lagged FSI and currency crises.



Item Type: MPRA Paper -

Original Title: Is there a relationship between fiscal sustainability and currency crises? International evidence based on causality tests-

Language: English-

Keywords: Currency crisis, foreign exchange, fiscal sustainability, Granger causality-

Subjects: E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook > E62 - Fiscal PolicyF - International Economics > F3 - International Finance > F31 - Foreign ExchangeF - International Economics > F3 - International Finance > F33 - International Monetary Arrangements and Institutions-





Autor: Cruz-Rodríguez, Alexis

Fuente: https://mpra.ub.uni-muenchen.de/72103/







Documentos relacionados