Is there a relationship between fiscal sustainability and currency crises? International evidence based on causality tests

This paper uses Granger causality tests on a fiscal sustainability indicator (FSI) and currency crises for 17 countries to evaluate the direction of causality between the FSI and currency crises. The FSI developed by Croce and Juan-Ramón (2003) is used. Also, different definitions for currency crises are used to evaluate whether they induce different results in the analysis. In general, the results suggest evidence of causality between the lagged FSI and currency crises.

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Year of publication:	2014
Authors:	Cruz-Rodríguez, Alexis
Published in:	International Journal of Economic Sciences and Applied Research. - Kavala : Eastern Macedonia and Thrace Institute of Technology, ISSN 1791-3373. - Vol. 7.2014, 1, p. 69-87
Publisher:	Kavala : Eastern Macedonia and Thrace Institute of Technology
Subject:	Currency crisis \| foreign exchange \| fiscal sustainability \| Granger causality

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	81442113X [GVK] hdl:10419/114605 [Handle] RePEc:tei:journl:v:7:y:2014:i:1:p:69-87 [RePEc]
Classification:	F31 - Foreign Exchange ; F33 - International Monetary Arrangements and Institutions ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation
Source:	EconStor

Persistent link: https://www.econbiz.de/10011310267