@article{Pesenti:5730,
      recid = {5730},
      author = {Pesenti, Paolo and Tille, Cédric},
      title = {The economics of currency crises and contagion an  introduction},
      address = {2000},
      number = {ARTICLE},
      abstract = {Two theories of the causes of currency crises prevail in  the economic literature. The first traces currency  instability to countries' structural imbalances and weak  policies; the second identifies arbitrary shifts in market  expectations as the principal source of instability. The  authors of this article contend that only a synthesis of  these theories can capture the complexity of the 1997-98  Asian currency crisis. In their view, the crisis resulted  from the interaction of structural weaknesses and volatile  international capital markets. The authors also cite two  other factors that contributed to the severity of the Asia  crisis: inadequate supervision of the banking and financial  sectors and the rapid transmission of the crisis across  countries linked by trade and common credit sources.},
      url = {http://repository.graduateinstitute.ch/record/5730},
}