منابع مشابه
Why are Currency Crises Contagious?
Executive Summary Currency crises tend to be regional. Since macroeconomic and financial phenomena are not regional, these phenomena are unimportant in understanding why crises spread. But international trade is regional, as countries tend to trade with their neighbors. This suggests that trade links are important in understanding how currency crises spread, above and beyond any macroeconomic p...
متن کاملWhy many firms run into crises, and why some survive
Many firms run into crises that threaten their existence. These crises result partly from properties of the firms themselves and partly from properties of the firms' environments. The crises arise and grow stronger partly because top managers hold incorrect beliefs. To make crises rarer, top managers should listen to dissenters and to forthright subordinates, convert happenstance events into le...
متن کاملContagion and Trade: Why Are Currency Crises Regional?
Currency crises tend to be regional; they affect countries in geographic proximity. This suggests that patterns of international trade are important in understanding how currency crises spread, above and beyond any macroeconomic phenomena. We provide empirical support for this hypothesis. Using data for five different currency crises (in 1971, 1973, 1992, 1994, and 1997) we show that currency c...
متن کاملWhy and How Technology Matters
Technology matters. Bicycles were instrumental in the political and social emancipation of women (Bijker 1995); photo and film technology induced a subtle form of apartheid (Wajcman 2005); nuclear arms and energy shaped, for example through the non-proliferation treaty, international relations since the 1950s (Smit 2005); the low-hanging overpasses on Long Island discourage since the 1920s the ...
متن کاملFinancial Crises and Political Crises∗
The simultaneous determination of financial default and political crises is studied in an open economy model. Political crises accompany default in equilibrium because of an information transmission conflict between the government and the public. Multiple equilibria are possible: if foreign lenders are pessimistic about the country’s stability, they demand a high interest on the debt, exacerbat...
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ژورنال
عنوان ژورنال: Chemical & Engineering News Archive
سال: 1973
ISSN: 0009-2347,2157-4936
DOI: 10.1021/cen-v051n048.p001