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Risiken für die Emerging Markets in Mittel- und Osteuropa vor dem Hintergrund der Erfahrungen Thailands, Mexikos und Tschechiens

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  • Sell, Friedrich L.

Abstract

Der vorliegende Aufsatz untersucht die Ursachen von Finanzmarktkrisen anhand entsprechender Vorkommnisse in Thailand, Mexiko und Tschechien, um risikoreiche Konstellationen für Emerging Markets zu identifizieren. Als Modell wurde der Ansatz von Sachs/Tornell/Velasco (1996) gewählt, der durch Einbeziehung von Kreditrationierung und Haftungsbeschränkung erweitert und modifiziert wurde. Aus diesen Überlegungen heraus wurden Indikatoren für die Prognose von Währungskrisen abgeleitet und anhand der Beispiele Thailands, Mexikos und Tschechiens berechnet.

Suggested Citation

  • Sell, Friedrich L., 1999. "Risiken für die Emerging Markets in Mittel- und Osteuropa vor dem Hintergrund der Erfahrungen Thailands, Mexikos und Tschechiens," Working Papers in Economics 1999,3, Bundeswehr University Munich, Economic Research Group.
    • Handle: RePEc:zbw:ubwwpe:19993
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    More about this item

    Keywords

    Emerging Markets; Finanzmarktkrise; Haftungsbeschränkung; Kreditrationierung; Lending Boom; Spekulative Attacke; Emerging Markets; Financial Market Crisis; Limited Liability; Credit rationing; Lending Boom; Speculative Attack;
    All these keywords.

    JEL classification:

    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • O50 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - General

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