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Study On Financial Crisis Contagions

Posted on:2006-05-20Degree:MasterType:Thesis
Country:ChinaCandidate:Z D ChengFull Text:PDF
GTID:2166360152498750Subject:Finance
Abstract/Summary:PDF Full Text Request
Going back to 1990s' three financial crises------Europe Currency System Crisis,Latin American Crisis and Southeast Asian Crisis, they all show a same character------obvious contagions. Crisis can spread rapidly from an area to another and turn into a regional financial crisis. Because of the frequent contagions, financial crisis' damage is more and more heavy, which even affects the stability of government. After Krugman's initiate papers about currency crisis, there are lots of excellent literatures in this field, but they all focused on the rise, warn and precaution policy of currency crises. Economists did not study on why financial crisis spread, namely the problem of financial crisis contagions, until financial crisis displayed accordant contagions effect.Basing on the traditional theories and methods, this paper analyzes the influencing factors under open condition and expatiates the effect and channel of crisis contagions quantitatively. It emphasizes on the analysis of contagions between currency crisis and banking crisis, and contagions of currency crisis between countries. Finally, it offers some policies to avoid contagions and discusses how to measure the profit and risk in the process of opening capital account, how to get a steady open on the background of increasing rise and spread of crisis.
Keywords/Search Tags:Financial Crisis, Currency Crisis, Banking Crisis, Contagions
PDF Full Text Request
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