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Signaling currency crises in South Africa / Tobias Knedlik
BeiträgerKnedlik, Tobias
ErschienenHalle : Inst. für Wirtschaftsforschung, 2006 ; Halle, Saale : Universitäts- und Landesbibliothek Sachsen-Anhalt, 2006
UmfangOnline-Ressource (Text, 246 kB)
SpracheEnglisch
SerieIWH-Diskussionspapiere ; 2006,19
URNurn:nbn:de:gbv:3:2-4425 
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Signaling currency crises in South Africa [0.23 mb]
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Currency crises episodes of 1996 1998 and 2001 are used to identify common country specific causes of currency crises in South Africa. The paper identifies crises by the use of an Exchange Market Pressure (EMP) index as introduced by Eichengreen Rose and Wyplosz (1996). It extends the Signals Approach introduced by Kaminsky and Reinhart (1996 1998) by developing a composite indicator in order to measure the evolution of currency crisis risk in South Africa. The analysis considers the standard suspects from international currency crises and country specifics as identified by the Myburgh Commission (2002) and current literature as potentially relevant indicators.