{"id":479,"date":"2020-04-27T12:23:59","date_gmt":"2020-04-27T12:23:59","guid":{"rendered":"http:\/\/sites.rutgers.edu\/roberto-chang\/?page_id=479"},"modified":"2020-05-02T19:01:06","modified_gmt":"2020-05-02T19:01:06","slug":"crises","status":"publish","type":"page","link":"https:\/\/sites.rutgers.edu\/roberto-chang\/crises\/","title":{"rendered":"Financial and Currency Crises"},"content":{"rendered":"<figure id=\"attachment_507\" aria-describedby=\"caption-attachment-507\" style=\"width: 216px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-507 size-medium\" src=\"http:\/\/sites.rutgers.edu\/roberto-chang\/wp-content\/uploads\/sites\/408\/2020\/04\/enigma-216x300.jpg\" alt=\"\" width=\"216\" height=\"300\" srcset=\"https:\/\/sites.rutgers.edu\/roberto-chang\/wp-content\/uploads\/sites\/408\/2020\/04\/enigma-216x300.jpg 216w, https:\/\/sites.rutgers.edu\/roberto-chang\/wp-content\/uploads\/sites\/408\/2020\/04\/enigma-739x1024.jpg 739w, https:\/\/sites.rutgers.edu\/roberto-chang\/wp-content\/uploads\/sites\/408\/2020\/04\/enigma-768x1065.jpg 768w, https:\/\/sites.rutgers.edu\/roberto-chang\/wp-content\/uploads\/sites\/408\/2020\/04\/enigma-1108x1536.jpg 1108w, https:\/\/sites.rutgers.edu\/roberto-chang\/wp-content\/uploads\/sites\/408\/2020\/04\/enigma-1477x2048.jpg 1477w, https:\/\/sites.rutgers.edu\/roberto-chang\/wp-content\/uploads\/sites\/408\/2020\/04\/enigma-scaled.jpg 1847w\" sizes=\"(max-width: 216px) 100vw, 216px\" \/><figcaption id=\"caption-attachment-507\" class=\"wp-caption-text\">Enigma Code machine, Churchill War Museum<\/figcaption><\/figure>\n<h3>Financial Crises and Currency Crashes<\/h3>\n<ul>\n<li><strong><a href=\"https:\/\/www.scopus.com\/record\/display.uri?eid=2-s2.0-0036266834&amp;origin=inward&amp;txGid=146e73a8a34ad969a1c2003d749c10f6\">Fundamentals, Beliefs, and Financial Contagion<\/a><\/strong> , with Giovanni Majnoni, <em>European Economic Review, <\/em>46 (2002), 801-808<\/li>\n<li><a href=\"https:\/\/www.jstor.org\/stable\/2696471?seq=1\"><strong>A Model of Financial Crises in Emerging Markets<\/strong><\/a> ,with Andr\u00e9s Velasco, <em>Quarterly Journal of Economics, <\/em>116 (2001), 489-517 (Reprinted in: <em>International Library of Critical Readings in Economics: Financial Crises, <\/em>Franklin Allen (Editor), Edward Elgar, 2008)<\/li>\n<li><strong><a href=\"https:\/\/www.sciencedirect.com\/science\/article\/pii\/S0022053199926212\">Financial Fragility and the Exchange Rate Regime<\/a> <\/strong>with Andr\u00e9s Velasco, <em>Journal of Economic Theory, <\/em>92 (2000), 1-34<\/li>\n<li><strong><a href=\"https:\/\/www.sciencedirect.com\/science\/article\/abs\/pii\/S0022199699000410\">Banks, Debt Maturity, and Financial Crises<\/a><\/strong> with Andr\u00e9s Velasco, <em>Journal of International Economics<\/em> 51 (2000), 169-94<\/li>\n<li><strong><a href=\"http:\/\/sites.rutgers.edu\/roberto-chang\/wp-content\/uploads\/sites\/408\/2020\/04\/macroannual.pdf\">Liquidity Crises in Emerging Markets: Theory and Policy<\/a> <\/strong>, with Andr\u00e9s Velasco, in <em>NBER Macroeconomics Annual 1999 <\/em>(Ben Bernanke and Julio Rotemberg, eds.), The MIT Press, Cambridge, 2000<\/li>\n<li><strong><a href=\"http:\/\/sites.rutgers.edu\/roberto-chang\/wp-content\/uploads\/sites\/408\/2020\/04\/crises.pdf\">Understanding Recent Crises in Emerging Markets<\/a><\/strong> , Federal Reserve Bank of Atlanta <em>Economic Review, <\/em>Second Quarter 1999, 6-17<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3>Politics and Financial Crises<\/h3>\n<ul>\n<li><strong><a href=\"https:\/\/www.aeaweb.org\/articles?id=10.1257\/aer.100.4.1759\">Elections, Capital Flows, and Politico Economic Equilibria<\/a><\/strong> A simplified exposition of the interactions between elections and capital flows.\u00a0<em>American Economic Review\u00a0<\/em>2010<\/li>\n<li><a href=\"https:\/\/www.sciencedirect.com\/science\/article\/abs\/pii\/S0304393207000323\"><strong>Financial Crises and Political Crises<\/strong> <\/a><em>Journal of Monetary Economics, <\/em>2007 How financial crises interact with political crises<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Financial Crises and Currency Crashes Fundamentals, Beliefs, and Financial Contagion , with Giovanni Majnoni, European Economic Review, 46 (2002), 801-808 A Model of Financial Crises in Emerging Markets ,with Andr\u00e9s &hellip; <a href=\"https:\/\/sites.rutgers.edu\/roberto-chang\/crises\/\" class=\"\">Read More<\/a><\/p>\n","protected":false},"author":873,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"template-custom.php","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-479","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Financial and Currency Crises - Roberto Chang<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sites.rutgers.edu\/roberto-chang\/crises\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial and Currency Crises - Roberto Chang\" \/>\n<meta property=\"og:description\" content=\"Financial Crises and Currency Crashes Fundamentals, Beliefs, and Financial Contagion , with Giovanni Majnoni, European Economic Review, 46 (2002), 801-808 A Model of Financial Crises in Emerging Markets ,with Andr\u00e9s &hellip; 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