메뉴 건너뛰기




Volumn 10, Issue 4, 2005, Pages 289-306

The Brazilian currency turmoil of 2002: A nonlinear analysis

Author keywords

Brazil; Contagion; Financial crises; IMF intervention; Markov switching model; Political uncertainty

Indexed keywords

CURRENCY MARKET; ECONOMIC INSTABILITY; FINANCIAL CRISIS; UNCERTAINTY ANALYSIS;

EID: 26944497172     PISSN: 10769307     EISSN: None     Source Type: Journal    
DOI: 10.1002/ijfe.273     Document Type: Article
Times cited : (11)

References (35)
  • 1
    • 55549084723 scopus 로고
    • Bayes inference via Gibbs sampling of autoregressive time series subject to Markov mean and variance shifts
    • Albert JH, Chib S. 1993. Bayes inference via Gibbs sampling of autoregressive time series subject to Markov mean and variance shifts. Journal of Business and Economic Statistics 11(1): 1.
    • (1993) Journal of Business and Economic Statistics , vol.11 , Issue.1 , pp. 1
    • Albert, J.H.1    Chib, S.2
  • 2
    • 70449530457 scopus 로고    scopus 로고
    • The financial accelerator in a quantitative business cycle framework
    • Taylor JB, Woodford M (eds). North-Holland: Amsterdam
    • Bernanke BS, Gertler M, Gilchrist S. 1999. The financial accelerator in a quantitative business cycle framework. In Handbook of Macroeconomics, Taylor JB, Woodford M (eds). North-Holland: Amsterdam; 1341-1393.
    • (1999) Handbook of Macroeconomics , pp. 1341-1393
    • Bernanke, B.S.1    Gertler, M.2    Gilchrist, S.3
  • 4
    • 0030446951 scopus 로고    scopus 로고
    • Capital inflows and macroeconomic management: Tequila lessons
    • July
    • Calvo G. 1996. Capital inflows and macroeconomic management: Tequila lessons. International Journal of Finance and Economics 1: 207-223, July.
    • (1996) International Journal of Finance and Economics , vol.1 , pp. 207-223
    • Calvo, G.1
  • 5
    • 26944473023 scopus 로고    scopus 로고
    • Electoral uncertainty and the volatility of international capital flows
    • Mimeo, Rutgers University, December
    • Chang R. 2002. Electoral uncertainty and the volatility of international capital flows. Mimeo, Rutgers University, December.
    • (2002)
    • Chang, R.1
  • 6
    • 0346232315 scopus 로고    scopus 로고
    • International lending of last resort and moral hazard: A model of IMF's catalytic finance
    • NBER Working Paper No. 10125, National Bureau of Economic Research, Cambridge, MA
    • Corsetti G, Guimarães B, Roubini N. 2003. International lending of last resort and moral hazard: a model of IMF's catalytic finance. NBER Working Paper No. 10125, National Bureau of Economic Research, Cambridge, MA.
    • (2003)
    • Corsetti, G.1    Guimarães, B.2    Roubini, N.3
  • 7
    • 0346862857 scopus 로고    scopus 로고
    • Why are Brazil's interest rates so high?
    • Mimeo, July 14
    • Favero CA, Giavazzi F. 2002. Why are Brazil's interest rates so high? Mimeo, July 14.
    • (2002)
    • Favero, C.A.1    Giavazzi, F.2
  • 10
    • 0033371705 scopus 로고    scopus 로고
    • The information in the high-yield bond spread for the business cycle: Evidence and some implications
    • Gertler M, Lown CS. 1999. The information in the high-yield bond spread for the business cycle: evidence and some implications. Oxford Review of Economic Policy 15: 132-150.
    • (1999) Oxford Review of Economic Policy , vol.15 , pp. 132-150
    • Gertler, M.1    Lown, C.S.2
  • 11
    • 14844365770 scopus 로고    scopus 로고
    • Are there reasons to doubt fiscal sustainability in Brazil?
    • Banco Central do Brasil, Technical Notes 25
    • Goldfajn I. 2002. Are there reasons to doubt fiscal sustainability in Brazil? Banco Central do Brasil, Technical Notes 25.
    • (2002)
    • Goldfajn, I.1
  • 12
    • 0346862871 scopus 로고    scopus 로고
    • Debt sustainability, Brazil and the IMF
    • Institute for International Economics, WP 03-1, February
    • Goldstein M. 2003. Debt sustainability, Brazil and the IMF. Institute for International Economics, WP 03-1, February.
    • (2003)
    • Goldstein, M.1
  • 13
    • 0036888015 scopus 로고    scopus 로고
    • Speculative attacks: Unique equilibrium and transparency
    • Heinemann F, Illing G. 2002. Speculative attacks: unique equilibrium and transparency. Journal of International Economics 58: 429-450.
    • (2002) Journal of International Economics , vol.58 , pp. 429-450
    • Heinemann, F.1    Illing, G.2
  • 14
    • 0036930352 scopus 로고    scopus 로고
    • Public information, private information, and the multiplicity of equilibria in coordinating games
    • Hellwig C. 2002. Public information, private information, and the multiplicity of equilibria in coordinating games. Journal of Economic Theory 107: 191-222.
    • (2002) Journal of Economic Theory , vol.107 , pp. 191-222
    • Hellwig, C.1
  • 15
    • 27744439621 scopus 로고    scopus 로고
    • Brazil: Selected issues and statistical appendix
    • IMF. IMF Country Report, January
    • IMF. 2001. Brazil: selected issues and statistical appendix. IMF Country Report, January.
    • (2001)
  • 16
    • 26944499605 scopus 로고    scopus 로고
    • Introducing the J.P. Morgan Emerging Markets Bond Index Global
    • Methodology Brief, New York, August 3
    • Morgan JP. 1999. Introducing the J.P. Morgan Emerging Markets Bond Index Global. Methodology Brief, New York, August 3.
    • (1999)
    • Morgan, J.P.1
  • 17
    • 0034002908 scopus 로고    scopus 로고
    • Currency crises, sunspots and Markov-switching regimes
    • Jeanne O, Masson P. 1998. Currency crises, sunspots and Markov-switching regimes. Journal of International Economics 50(2): 327-350.
    • (1998) Journal of International Economics , vol.50 , Issue.2 , pp. 327-350
    • Jeanne, O.1    Masson, P.2
  • 19
    • 26944495889 scopus 로고    scopus 로고
    • Economic outlook for the Americas
    • IMF speech to the Council of the Americas, US State Department, Washington, DC, May 7
    • Krueger A. 2002. Economic outlook for the Americas. IMF speech to the Council of the Americas, US State Department, Washington, DC, May 7.
    • (2002)
    • Krueger, A.1
  • 20
    • 26944468498 scopus 로고    scopus 로고
    • Multiple equilibria, contagion and the emerging market crises
    • Glick R, Moreno R, Spiegel MM (Eds.), Cambridge; New York and Melbourne: Cambridge University Press
    • Masson P. 2001. Multiple equilibria, contagion and the emerging market crises. In Financial Crises in Emerging Markets, Glick R, Moreno R, Spiegel MM (Eds.), 73-98. Cambridge; New York and Melbourne: Cambridge University Press.
    • (2001) Financial Crises in Emerging Markets , pp. 73-98
    • Masson, P.1
  • 21
    • 26944433267 scopus 로고    scopus 로고
    • Learning to forget? Contagion and political risk in Brazil
    • C.E.P.R. Discussion Papers
    • Miller M, Thampanishvong K, Zhang L. 2003. Learning to forget? Contagion and political risk in Brazil. C.E.P.R. Discussion Papers: 3785.
    • (2003) , pp. 3785
    • Miller, M.1    Thampanishvong, K.2    Zhang, L.3
  • 22
    • 4344563473 scopus 로고    scopus 로고
    • The high-yield spread as a predictor of real economic activity: Evidence of a financial accelerator for the United States
    • IMF Staff Papers
    • Mody A, Taylor MP. 2003. The high-yield spread as a predictor of real economic activity: evidence of a financial accelerator for the United States. IMF Staff Papers 50: 373-402.
    • (2003) , vol.50 , pp. 373-402
    • Mody, A.1    Taylor, M.P.2
  • 23
    • 0000749777 scopus 로고    scopus 로고
    • Unique equilibrium in a model of self-fulfilling currency attacks
    • Morris S, Shin H-S. 1998. Unique equilibrium in a model of self-fulfilling currency attacks. The American Economic Review 88(3): 587-597.
    • (1998) The American Economic Review , vol.88 , Issue.3 , pp. 587-597
    • Morris, S.1    Shin, H.-S.2
  • 24
    • 0942291286 scopus 로고    scopus 로고
    • Coordination risk and the price of debt
    • Morris S, Shin H-S. 2001. Coordination risk and the price of debt. European Economic Review 48(1): 133-153.
    • (2001) European Economic Review , vol.48 , Issue.1 , pp. 133-153
    • Morris, S.1    Shin, H.-S.2
  • 25
    • 0347493398 scopus 로고    scopus 로고
    • Catalytic finance: When does it work?
    • Cowles Foundation, Yale University, Cowles Foundation Discussion
    • Morris S, Shin H-S. 2003. Catalytic finance: when does it work? Cowles Foundation, Yale University, Cowles Foundation Discussion.
    • (2003)
    • Morris, S.1    Shin, H.-S.2
  • 26
    • 0001054430 scopus 로고    scopus 로고
    • Models of currency crises with self-fulfilling features
    • Obstfeld M. 1996. Models of currency crises with self-fulfilling features. European Economic Review 40: 1037-1047.
    • (1996) European Economic Review , vol.40 , pp. 1037-1047
    • Obstfeld, M.1
  • 27
    • 0043049151 scopus 로고    scopus 로고
    • A primer on financial contagion
    • Banca D'Italia, Temi Di Discussione 407, January
    • Pericoli M, Sbracia M. 2001. A primer on financial contagion. Banca D'Italia, Temi Di Discussione 407, January.
    • (2001)
    • Pericoli, M.1    Sbracia, M.2
  • 28
    • 84948500109 scopus 로고
    • Testing for a unit root in a time series with a changing mean
    • Perron P. 1990. Testing for a unit root in a time series with a changing mean. Journal of Business and Economic Statistics 8(2): 153-162.
    • (1990) Journal of Business and Economic Statistics , vol.8 , Issue.2 , pp. 153-162
    • Perron, P.1
  • 29
    • 26944437623 scopus 로고    scopus 로고
    • Currency crises and uncertainty about fundamentals
    • International Monetary Fund, IMF Working Papers: 02/3
    • Prati A, Sbracia M. 2002. Currency crises and uncertainty about fundamentals. International Monetary Fund, IMF Working Papers: 02/3.
    • (2002)
    • Prati, A.1    Sbracia, M.2
  • 30
    • 32644479668 scopus 로고    scopus 로고
    • A Brazilian debt-crisis
    • NBER Working Paper 9160, September
    • Razin A, Sadka E. 2002. A Brazilian debt-crisis. NBER Working Paper 9160, September.
    • (2002)
    • Razin, A.1    Sadka, E.2
  • 33
    • 2542461166 scopus 로고    scopus 로고
    • Information disparities and the probability of currency crises: Empirical evidence
    • Tillmann P. 2004. Information disparities and the probability of currency crises: empirical evidence. Economics Letters 84: 61-68.
    • (2004) Economics Letters , vol.84 , pp. 61-68
    • Tillmann, P.1
  • 34
    • 26944435373 scopus 로고    scopus 로고
    • Is Brazil next?
    • International Institute of Economics, PB 02-7, August
    • Williamson J. 2002. Is Brazil next? International Institute of Economics, PB 02-7, August.
    • (2002)
    • Williamson, J.1
  • 35
    • 0037230933 scopus 로고    scopus 로고
    • Lula's Brazil
    • January/February
    • Williamson J. 2003. Lula's Brazil. Foreign Affairs 82-1, January/ February.
    • (2003) Foreign Affairs , pp. 82-91
    • Williamson, J.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.