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Währungskrisen – Herausforderung für Theorie und Politik

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  • Franz R. Hahn

    (WIFO)

Abstract

Globalisierung und Liberalisierung von Kapitalverkehr und Kapitalmärkten haben die Fragilität der Finanzmärkte erhöht. Die Gefahren, die von instabilen und krisenanfälligen Finanzmärkten ausgehen, können kaum überschätzt werden und verdienen höchste wirtschaftspolitische Aufmerksamkeit. Die jüngsten Währungskrisen in Ostasien und Rußland sowie ihre komplexen Ursachen haben daher nicht nur das akademische, sondern auch das wirtschaftspolitische Interesse an Fragen der internationalen Krisenprävention, des effizienten Krisenmanagements, aber auch der Architektur von supranationalen Regulativen für Finanz- und Kapitalmärkte und der Rolle der Banken neu belebt.

Suggested Citation

  • Franz R. Hahn, 1998. "Währungskrisen – Herausforderung für Theorie und Politik," WIFO Monatsberichte (monthly reports), WIFO, vol. 71(9), pages 583-590, September.
    • Handle: RePEc:wfo:monber:y:1998:i:9:p:583-590
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    References listed on IDEAS

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    1. Roberto Chang & Andres Velasco, 1998. "Financial crises in emerging markets: a canonical model," FRB Atlanta Working Paper 98-10, Federal Reserve Bank of Atlanta.
    2. Diamond, Douglas W, 1997. "Liquidity, Banks, and Markets," Journal of Political Economy, University of Chicago Press, vol. 105(5), pages 928-956, October.
    3. Roberto Chang & Andres Velasco, 1998. "Financial Crises in Emerging Markets," NBER Working Papers 6606, National Bureau of Economic Research, Inc.
    4. Demirguc-Kent, Asli & Detragiache, Enrica, 1998. "Financial liberalization and financial fragility," Policy Research Working Paper Series 1917, The World Bank.
    5. Costas Azariadis & Roger Guesnerie, 1986. "Sunspots and Cycles," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 53(5), pages 725-737.
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    Cited by:

    1. Peter Egger & Jan Stankovsky, 1998. "Far East Markets. Attractive for Austria in Spite of the Crisis," Austrian Economic Quarterly, WIFO, vol. 3(4), pages 191-207, October.

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