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Sulimierska, Malgorzata (2008) Capital account liberalization and currency crisis - the sase of Central Eastern European countries. In: Fourth Annual ESDS International Conference, 1st December, Institute of Materials, London.
Full text not available from this repository.Abstract
The dissertation investigates if Central and Eastern European countries with unregulated capital flows are more vulnerable to currency crises. In order to answer this question properly the paper considers two lines of analysis: single-country and multi-country. Single –country studies look into three cases: Russia, Poland and Latvia. The multi-country analysis is the simple adaptation of Glick, Guo and Hutchison’s probit panel model (2004). The results suggest that countries with liberalized capital accounts experience a lower likelihood of currency crises. Moreover, the information from case studies pointed that the speed and sequence of the CAL process needs to be adequate for the country development.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Additional Information: | First Place Co-Winner, Best Student Paper Award 2008 |
| Keywords: | currency crises; capital account liberalization; exchange rate |
| Schools and Departments: | School of Business, Management and Economics > Economics |
| Related URLs: | |
| Depositing User: | Malgorzata Sulimierska |
| Date Deposited: | 21 Feb 2012 10:03 |
| Last Modified: | 21 Jun 2013 13:08 |
| URI: | http://srodev.sussex.ac.uk/id/eprint/37912 |