Browsing FGV EPGE - Seminários de Pesquisa Econômica by Author "Goldfajn, Ilan"

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Balance of payment crises and capital flows : the role of liquidity

Goldfajn, Ilan
1996-01-23

A model of externaI CrISIS is deveIoped focusing on the interaction between Iiquidity creation by financiaI intermediaries and foreign exchange collapses. The intermediaries' role of transforming maturities is shown to ...
Does monetary policy stabilize the exchange rate following a currency crisis?

Goldfajn, Ilan; Gupta, Poonam
1999-05-27

This paper provides evidence on the relationship between monetary policy and the exchange rate in the aftermath of currency crises. It ana1yzes a large data set of currency crises in 80 countries in the period 1980 to 1998. ...