Not offered 2007-2008
ECON 375T Speculative Attacks and Currency Crises (W)
This course will review the causes and consequences of currency crises in industrial countries and emerging economies. Topics to be covered include analytical models of
balance of payments crises, empirical research on the determinants of currency crises, the
relationship between currency and banking crises, and the channels of "contagion" of crises
across countries. The evolution of a series of important recent crises with systemic
implications will be examined, including the European crisis of 1992, the Mexican crisis of
1994, the Asian crisis in 1997, and the Russian crisis of 1998. Several more recent currency
crises with effects more restricted to the crisis countries themselves will also be studied.
Format: tutorial. Requirements: a paper every other week.
Prerequisites: Economics 252. Enrollment limit: 10.
MONTIEL