The Logic of Currency Crises

Maurice Obstfeld

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Global Financial Crisis and Policies Monetary Policy and Economic Impact Economic Theory and Policy

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0. Svensson generously helped me obtain data. Comments fromLars Horngren, Kerstin Mitlid, Andr6 Orlan, Henri Pages, and Lars E. 0. Svensson led to improvements in the paper, as did the discussions at the Banque de France conference and at presentations sponsored by New York University's C.V. Starr Centerand the S6minaire d'Economie

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1995Models of Currency Crises with Self-Fulfilling Features 1998Economic Crises: Evidence and Insights from East Asia 1999Balance Sheets, the Transfer Problem, and Financial Crises 1996The Twin Crises: The Causes of Banking and Balance-of-Payments Problems 1996Contagious Currency Crises: First Tests 2001Official Intervention in the Foreign Exchange Market: Is It Effective and, If So, How Does It Work?1999What Happened to Asia 2000Self-Fulfilling Debt Crises

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