| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3925 |
| DP3925 Policy Interaction, Expectation and Liquidity Trap | |
| Seppo Honkapohja; George W. Evans | |
| 发表日期 | 2003-06-23 |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | This Paper addresses two questions: (i) how do governments actually pay for the fiscal costs associated with currency crises; and (ii) what are the implications of different financing methods for post-crisis rates of inflation and depreciation? We study these questions using a general equilibrium model in which a currency crisis is triggered by prospective government deficits. We then use our model in conjunction with fiscal data to interpret government financing in the wake of three recent currency crises: Korea (1997), Mexico (1994) and Turkey (2001). |
| 主题 | International Macroeconomics |
| 关键词 | Currency crisis Banking crisis Speculative attacks Seigniorage Fiscal reform Bailouts |
| URL | https://cepr.org/publications/dp3925 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532910 |
| 推荐引用方式 GB/T 7714 | Seppo Honkapohja,George W. Evans. DP3925 Policy Interaction, Expectation and Liquidity Trap. 2003. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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