Abstract
The Czech currency crisis in May 1997 was far less spectacular the Russian crisis in the summer of 1998 or the crisis in South-East Asia in 1997. Nevertheless, it was the first typical currency crisis in the group of more advanced transition economies.
This is a preview of subscription content, access via your institution.
Buying options
Preview
Unable to display preview. Download preview PDF.
References
Begg, D. (1997): Pegging Out: Lessons from the Czech Exchange Rate Crisis, Birkbeck College, London and CEPR, December 1997, mimeo.
Brada, J. C. and Z. Drábek (1998): The Impact of Exchange Rate Regimes on the Stability of Trade Policy, mimeo.
Bruinshoofd, A. (1997): The Czech Exchange Rate and Economic Fundamental, CNB Working Paper, No. 73.
Dědek, O. (1997): Echoing the European Monetary Integration in the Czech Republic, CNB Working Paper, No. 80.
Eichengreen, B., A. Rose and C. Wyplosz (1995): Exchange Market Mayhem: The Antecedents and Aftermath of Speculative Attacks, Economic Policy, No. 21, pp. 249–312.
Eichengreen B., and D. Mathieson, with B. Chadha, A. Jansen, L. Kodres, and S. Sharma (1998): Hedge Funds and Financial Market Dynamics, IMF Occasional Paper 166, May.
Flood, Robert P., and Peter M. Garber (1984): Collapsing Exchange-Rate Regimes: Some Linear Examples, Journal of Intemational Economics, Vol. 17, pp. 1–13.
Hájek, M. et al. (1997): Macroeconomic Analyses of the Czech Economy, (in Czech), CNB Working Paper, No. 82.
Halpern, L., and C. Wyplosz (1997): Equilibrium Exchange Rate in Transition Economies, IMF Staff Papers, Vol. 44, No. 4, December, pp. 430–461.
Horváth, Julius (1999): Currency Crisis in the Czech Republic in May 1997, Post-Communist Economies, Vol. 11, Number 3, pp. 277–298.
IMF (1998): Czech Republic. Selected Issues, IMF Staff Country Report, No. 98/36
Jurajda, S. (2001): The Czech Republic: Awaiting Elections and a Fiscal Reform, The Stockholm Report on Transition, Vol. 11, No. 3, November.
Klaus, V. (1997): Promoting Financial Stability in the Transition Economies of Central and Eastern Europe, in ‘Maintaining Financial Stability in a Global Economy,’ Symposium Sponsored by the Federal Reserve Bank of Kansas City.
Kenen, P. B. (1996): Analyzing and Managing Exchange-Rate Crises, Open Economies Review, Vol. 7, Special Supplemental Issue.
Lazarova, Š., and V. Kreidl (1997): Equilibrium Exchange Rate, [in Czech], CNB Working Paper, No. 75
Obstfeld, M. and K. Rogoff (1995): The Mirage of Fixed Exchange Rates, NBER Working Paper No. 5191.
Šmidkova, K. et. al, (1998): The Currency Crisis of the Koruna in 1997, [in Czech] CNB, mimeo.
Šmidkova, K. (1998) Estimating the FEER for the Czech Economy, CNB Working Paper, No. 87
Vacek, Pavel (2002): A Questfor Equilibrium Real Exchange Rate of the Czech Republic, Central European University, Department of Economics, MA Thesis.
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2003 Springer Science+Business Media New York
About this chapter
Cite this chapter
Horváth, J. (2003). The Czech Currency Crisis of 1997. In: Dąbrowski, M. (eds) Currency Crises in Emerging Markets. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-0343-9_10
Download citation
DOI: https://doi.org/10.1007/978-1-4615-0343-9_10
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4613-5030-9
Online ISBN: 978-1-4615-0343-9
eBook Packages: Springer Book Archive