Detail publikace

Corporate Balance-Sheet Approach To Currency Crises

VOLKÁNOVÁ, Z.

Originální název

Corporate Balance-Sheet Approach To Currency Crises

Typ

článek ve sborníku ve WoS nebo Scopus

Jazyk

angličtina

Originální abstrakt

This paper presents a general equilibrium currency crisis model of the third generation, in which the possibility of currency crises is driven by the interplay between private firms credit-constraints and nominal price rigidities. Despite our emphasis on micro-foundations, the model remains sufficiently simple that the policy analysis can be conducted graphically. The analysis hinges on four main features: i) ex post deviations from purchasing power parity; ii) credit constraints a la Bernanke-Gertler; iii) foreign currency borrowing by domestic firms; iv) a competitive banking sector lending to firms and holding reserves and a monetary policy conducted either through open market operations or short-term lending facilities

Klíčová slova

Crisis – Business – Loan – central bank

Autoři

VOLKÁNOVÁ, Z.

Rok RIV

2013

Vydáno

19. 2. 2013

Nakladatel

Univerzita HK

Místo

Hradec Králové

ISBN

978-80-7435-172-3

Kniha

Sborník

Strany od

19.2.2013

Strany do

20.2:2013

Strany počet

7