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NBER Project on Currency Crises
NBER Project on Currency Crises
Some of the questions we seek to answer are:
How does a country's exchange rate regime affect the risk of a currency crisis and the consequences if one occurs?
What are the consequences of capital account convertibility?
What policies and conditions influence which countries experience currency crises?
How does financial regulation affect the vulnerability of an economy to various types of financial crises?
What is the effect of different policies with respect to foreign exchange reserves?
How do corporate capital structures affect the vulnerability of countries to currency crises?
How would the availability of a "lender of last resort" affect the crisis?
Have the macroeconomic programs required by the IMF been too contractionary?
How have the IMF structural adjustment policies affected the resolution of the currency crises?
How can domestic financial institutions and corporate debt structures be rehabilitated after a crisis?
How can a country mitigate the adverse effects of a currency crisis on the low income population?
Can industrial countries reduce the risk of exchange rate crises by modulating fluctuations in their exchange rates?
Can the lending policies of the financial institutions in industrial countries be modified to reduce the risk to emerging market countries?
Does financial weakness of lender institutions exacerbate the problems of debtor countries?