ECON 375T Speculative Attacks and Currency Crises (Not offered 2004-2005) (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.