Currency Crises from Andrew Jackson to Angela Merkel
This paper presents a narrative of currency crises for the past two centuries. I use the Swan Diagram as a theoretical framework for this narrative and conclude that many so-called banking crises are in fact currency crises. These crises are caused by capital flows in war and peace and typically r...
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| Format: | Working Paper |
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Cambridge, MA: Department of Economics; Massachusetts Institute of Technology
2013
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| Online Access: | http://hdl.handle.net/1721.1/77610 |