A Model to Explain the Duration of a Currency Crisis

2001 ◽  
Author(s):  
Louise Allsopp
Keyword(s):  
Currency Crisis

The 1970s Fiscal Squeeze

2017 ◽  
Author(s):  
Christopher Hood ◽  
Rozana Himaz
Keyword(s):  
Trade Union ◽  
Sharp Increase ◽  
Currency Crisis ◽  
Public Spending ◽  
Oil Prices ◽  
Labour Government ◽  
The Us ◽  
Us Government ◽  
Double Digit ◽  
New System

This chapter describes fiscal squeeze in an era of high political volatility and major economic challenges, including mass unemployment, a sharp increase in oil prices, double-digit inflation (i.e. a period of ‘stagflation’), and high levels of trade union militancy. The most dramatic period during the episode occurred in 1976, involving a split Labour Government under two different leaders, with a leadership election following a sudden prime ministerial resignation. That government pursued fiscal squeeze against the background of a deep currency crisis and bailout deals with outside lenders (the US Government and the IMF). The squeeze episode also led to some important institutional developments, producing the first major privatization since the 1950s and a new system of controlling public spending through ‘cash limits’.

scholarly journals Aftermath of the currency crisis

1969 ◽  
Vol 4 (5) ◽  
pp. 150-153
Author(s):  
Max Iklé
Keyword(s):  
Currency Crisis

scholarly journals immigration of Argentinean Jews to Winnipeg : Emigration and Successful Settlement

2021 ◽  
Author(s):  
Philip Reuben Covshoff
Keyword(s):  
United States ◽  
Labour Market ◽  
Jewish Community ◽  
Free Market ◽  
Currency Crisis ◽  
The United States ◽  
Provincial Government ◽  
Jewish Federation ◽  
Market Approach ◽  
Jewish Immigrants

Manitoba has strategized from 2002 onwards to incorporate a free-market approach into Manitoba's Provincial Nominee Programme in order to fulfill its labour market goals. In the grand scheme of attracting new Argentinean Jewish immigrants, it was an opportunity for these people to leave their homeland that was suffering under an economic depression and a currency crisis. Both the provincial government (through the Manitoba Provincial Nominee Programme) and an ethno-cultural institution (the Jewish Federation of Winnipeg) forged a partnership that matched these immigrants with jobs and also helped integrate them into the Winnipeg Jewish community. Seventeen interviews of Argentinean Jews now living in Winnipeg explained how they had a choice of emigrating to Spain, Israel or the United States but they selected Winnipeg and they give their reasons for doing so.

scholarly journals UNDERSTANDING FINANCIAL CRISIS: A THEORETICAL ANALYSIS

2003 ◽  
Vol 2 (1) ◽  
pp. 1-10
Author(s):  
P.K. Sudarsan
Keyword(s):  
Financial Crisis ◽  
Theoretical Analysis ◽  
Financial Crises ◽  
Currency Crisis ◽  
East Asian ◽  
Banking Crises ◽  
Policy Suggestions ◽  
Proper Diagnosis ◽  
Three Stages ◽  
Positive Results

Financial crises and their sub set banking crises have become worldwide phenomena in recent years. Understanding of financial crises assumes importance because the success of policy prescriptions to cure these crises depends to a large extent on the proper diagnosis of these crises. The objective of this paper is to provide a theoretical analysis to understand the financial crisis in a better way. The poper conjectures three stages in the financial crisis: confidence crisis, currency crisis and financial crisis. Paper shows that confidence crisis leads to the currency crisis and currency crisis in turn advances into the financial crisis. The paper also highlights the two-way linkage between currency crisis and financial crisis and its implications on policy suggestions. The two-way linkage between the currency crisis and financial crisis makes the policy prescriptions difficult. IMF policy to cure the East Asian crisis failed initially mainly because of this reason. The theoretical analysis reveals that a judicious mix of different policies would be the best remedy for the financial crisis of the type occurred in East Asia, though this would take some time to show positive results.

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