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Currency crises, exchange rates, and the liberalization of foreign trade.
As a result, currency crises automatically became debt crises.
All commodity exporters are potentially subject to currency crises".
Obstfeld, M. (1994) "The logic of currency crises", Cahiers Economiques et Monetaires 43:189-213.
Many of the currency crises of the last ten years have been associated with output loss.
Spectacular banking and currency crises in recent decades have shattered the consensus.
Confidence means the ability to protect exchange rates from destabilizing speculation, including currency crises.
All of Eastern Europe's governments still have time to avoid currency crises.
Mr Krugman's work on currency crises and international trade is widely admired by other economists.
The currency crises in Hungary and Iceland were salutary, says Roberto Perotti of Milan's Bocconi University.
Furthermore, all this has been achieved with very little bloodshed and no currency crises.
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