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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. Diamond, Douglas W, 1997. "Liquidity, Banks, and Markets," Journal of Political Economy, University of Chicago Press, vol. 105(5), pages 928-956, October.
    2. Chang, R. & Velasco, A., 1998. "Financial Crises in Emerging Markets: A Canonical Model," Working Papers 98-21, C.V. Starr Center for Applied Economics, New York University.
    3. Roberto Chang & Andres Velasco, 1998. "Financial Crises in Emerging Markets," NBER Working Papers 6606, National Bureau of Economic Research, Inc.
    4. Ms. Enrica Detragiache & Asli Demirgüç-Kunt, 1998. "Financial Liberalization and Financial Fragility," IMF Working Papers 1998/083, International Monetary Fund.
    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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