Fatores comuns determinantes de crises cambiais e financeiras

Revista de Economia Política

Cristina Fátima Martins De Bessa²  Tito Belchior Silva Moreira¹  Maurício De Paula Pinto Barata¹  Fernando Antônio Ribeiro Soares¹ 

[1] ,Universidade Católica de Brasília

关键词: currency and financial crisis;    factor analysis;    discriminant analysis;   

DOI  :  10.1590/S0101-31572010000400004

来源: SciELO

【 摘 要 】

Determinative common factors of currency and financial crisis. This paper identifies and evaluates determinative common factors of currency and financial crisis in relation to 86 crises episodes between 1970-2004, based on factor analysis, cluster and discriminant analysis. One evidenced that the rise of the ratios of domestic credit, fiscal deficit and residents bank deposits to the GDP is inherent to the different types of crises classified for economic literature. It was also identified as common factors to these episodes some indicators that capture the excessive monetary expansion of the economies and that reflect the fall in international reserves, represented by M2/Reserves and Imports/Reserves ratios and also the total volume of international reserves.

【 授权许可】

CC BY   
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