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What is Currency Crises: Stability Conflicts about?
The paper examines the relationship between internal and external stability goals and their role in causing currency crises from 1797 to 1994. It argues that recent crises are driven by fundamental economic inconsistencies rather than self-fulfilling prophecies, challenging modern speculative attack models. The authors analyze historical examples and provide insights into the dynamics of currency crises under various monetary regimes.
- Author
- Luciana Oliveira
- Language
- EN