Title: Current Manifestations of Currency Crisis Model in China
Abstract: Because of the rigid presuppositions,the traditional currency crisis model is far from real situation.These presuppositions are scarcely existed in the developed countries,and it is impossible to be existed in the undeveloped countries.To modify the traditional currency crisis model according to China's situation,and construct a currency crisis model tallying with the national conditions in China,can deduce some conclusions: if speculative attack occurs in our country,the continuance of fixed exchange rate will be efficiently prolonged under the condition of present system,but the cost of system distortion is the accumulation of greater financial risk.
Publication Year: 2007
Publication Date: 2007-01-01
Language: en
Type: article
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