What caused the 1991 currency crisis in India? IMF Staff Papers 49 (3): 395-425.Cerra, Valerie and Sweta Chaman Saxena, 2002, "What Caused the 1991 Currency Crisis in India?" IMF Staff Papers, 49(3), 395-425.Cerra, Valerie, and Saxena, Sweta C. (2002), "What Caused the 1991 ...
2021, Journal of Central Banking Theory and Practice Common Determinants of the Likelihood of Currency Crises in BRICS 2020, Global Business Review Identifying the Early Warnings of Currency Crisis in India 2019, Foreign Trade Review View all citing articles on ScopusView...
However, when the sub-prime crisis hit the US, Europe and other major economies of the world, the exchange rates went away. Indian companies were unable to realize the full value of their business dealing abroad. Worse still, the forward contracts they had entered into for hedging their ...
Bank Indonesia is in a particular bind. Its decision to cut rates in February has pushed the rupiah to its weakest since the Asian financial crisis and once again exposed the risks of capital flight for an economy still reliant on foreign inflows to balance the books. “We still have a pro...
BANKING SECTOR REFORMS IN INDIA: IMPACT AND PROSPECTS The year 1991 marked a decisive changing point in India's economic policy since independence. Following the 1991 Balance of Payment crisis, major macroeconomic disruptions, sharp increase in interest rates, large currency depreciation, o... A Gup...
Many currency crisis episodes, especially in emerging markets, occur simultaneously with banking crises (often called “twin crises”). Distress in the banking sector usually leads to a credit crunch and a deceleration of output growth (see Dell'Ariccia, Detragiache and Rajan, 2005; Disyatat, ...
It was shown that PageRank and CheiRank probabilities obtained from the Google matrix allow to analyze a crisis contagion in the WTN (Coquidé et al. 2020). The analysis of the competition between two or three currencies in the WTN requires the development of a new approach compared to ...
Or, if it fears the economy is growing too quickly, it may tighten credit by raising the short-term interest rate to reduce the money supply, in an attempt to rein in potential inflation. In pursuit of its monetary policy, the Fed can also increase or decrease the money supply by buying...
Examples of large currency moves impacting financial markets include the Asian Financial Crisis and the unwinding of the Japanese yen carry trade. Investors can benefit from a weak greenback by investing in overseas equities; a weaker dollar can boost their returns in U.S. dollar terms. Investors...
if a new BRICS currency was to stabilize against the dollar, it could weaken the power of US sanctions, leading to a further decline in the dollar's value. It could also cause an economic crisis affecting American households. Aside from that, this new currency could accelerate the trend t...