Browsing ECO Articles by Author "FRATZSCHER, Marcel"

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Title: Why Are Currency Crises Contagious? A Comparison of the Latin American Crisis of 1994-1995 and the Asian Crisis of 1997-1998 Author(s): FRATZSCHER, Marcel Date: 1998 Type of Publication: Article Abstract: This paper analyzes three channels through which currency crises are transmitted between countries: contagion based on unsustainable economic fundamentals; contagion resulting from herding behaviour in financial markets; ...

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