A carregar...
Publicação
Exchange market pressure and incidence of currency crises in Norway
| Nome: | Descrição: | Tamanho: | Formato: | |
|---|---|---|---|---|
| 1.2 MB | Adobe PDF |
Orientador(es)
Resumo(s)
Este artigo revê o desenvolvimento da literatura teórica sobre crises cambiais, as suas potenciais causas e sintomas a partir dos principais indicadores. É medido a pressão na taxa de câmbio da Noruega durante o período de 1990 a 2015 com o auxílio do conceito de "Exchange Market Pressure" (EMP) desenvolvido por Kaminsky et al. (1998). O modelo demonstra relevância uma vez que os resultados são consistentes com os episódios de stress/ crise do mercado cambial na Noruega durante o mesmo período. Os resultados mostram que as variáveis macroeconómicas seguem o sinal padrão esperado para Noruega.
This paper reviews the development of the theoretical literature on currency crises, their potential causes and symptoms through the study of leading indicators. A case study on the pressure upon the Norwegian exchange rate during the period from 1990 to 2015 is measured using the concept of Exchange Market Pressure (EMP) developed by Kaminsky et al. (1998). The model does a fairly competent estimation, since the results are consistent with the episodes of currency market stress/crisis in Norway during the same period. The results show that macroeconomic variables follow the expected pattern for Norway.
This paper reviews the development of the theoretical literature on currency crises, their potential causes and symptoms through the study of leading indicators. A case study on the pressure upon the Norwegian exchange rate during the period from 1990 to 2015 is measured using the concept of Exchange Market Pressure (EMP) developed by Kaminsky et al. (1998). The model does a fairly competent estimation, since the results are consistent with the episodes of currency market stress/crisis in Norway during the same period. The results show that macroeconomic variables follow the expected pattern for Norway.
Descrição
Mestrado em Economia Monetária e Financeira
Palavras-chave
Crises Cambiais, Exchange Market Pressure Noruega Currency crises Norway
Contexto Educativo
Citação
Oliveira, Saúl Álvaro Azevedo Martins de (2015). "Exchange market pressure and incidence of currency crises in Norway". Dissertação de Mestrado, Universidade de Lisboa. Instituto Superior de Economia e Gestão.
Editora
Instituto Superior de Economia e Gestão