On currency crises and contagion
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Marcel Fratzscher
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Article
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2003
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John Wiley and Sons
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English
β 199 KB
## Abstract This paper analyses the role of contagion in the currency crises in emerging markets during the 1990s. It employs a nonβlinear Markovβswitching model to conduct a systematic comparison and evaluation of three distinct causes of currency crises: contagion, weak economic fundamentals, and