Week 12 Flashcards
(5 cards)
1
Q
Currency crisis
A
2
Q
Fundamentals based crises (Krugman, 1979)
A
3
Q
Currency mismatch:
A
economic agents (banks, firms, households) borrow in foreign currency but their assets and incomes are in domestic currency.
4
Q
Reasons for the currency mismatch
A
5
Q
From financial crisis to sovereign default
A
