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Government Finance in the Wake of Currency Crises / Craig Burnside, Martin Eichenbaum, Sergio Rebelo.
- Format:
- Book
- Author/Creator:
- Burnside, Craig.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w9786.
- NBER working paper series no. w9786
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2003.
- Summary:
- This paper addresses two questions: (i) how do governments actually pay for the fiscal costs associated with currency crises; and (ii) what are the implications of different financing methods for post-crisis rates of inflation and depreciation? We study these questions using a general equilibrium model in which a currency crisis is triggered by prospective government deficits. We then use our model in conjunction with fiscal data to interpret government financing in the wake of three recent currency crises: Korea (1997), Mexico (1994) and Turkey (2001).
- Notes:
- Print version record
- June 2003.
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