The Role of Institutional Quality in a Currency Crisis Model

This paper is a theoretical study of the impact of institutional quality on currency crises from a public finance point of view. Recent empirical studies leave little doubt that weak institutions, including high levels of corruption, hinder economic performance. After the East Asian crisis, many obs...

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Bibliographic Details
Main Author: Wu, Yi
Format: eBook Book
Language:English
Published: Washington International Monetary Fund 01.01.2008
Edition:1
Subjects:
Currency crises
Currency Crisis
Econometric models
Financial institutions
Institution Quality
Tax Collection
Tax Systems
Corruption
Financial crisis
ISBN:9781451913200, 9781451868678, 1452710759, 1451868677, 9781452710754, 1451913206
Online Access:Get full text
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Table of Contents:
  • Intro -- Contents -- I. Introduction -- II. The Model -- III. Institutional quality and self-fulfilling currency crises -- IV. Concluding remarks -- Figures -- 1. Self-fulfilling Currency Crises -- 2a. Simulation I -- 2b. Simulation II -- 2c. Simulation III -- References