Fatores comuns determinantes de crises cambiais e financeiras

Detalhes bibliográficos
Autor(a) principal: Bessa,Cristina Fátima Martins de
Data de Publicação: 2010
Outros Autores: Moreira,Tito Belchior Silva, Barata,Maurício de Paula Pinto, Soares,Fernando Antônio Ribeiro
Tipo de documento: Artigo
Idioma: por
Título da fonte: Revista de Economia Política
Texto Completo: http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572010000400004
Resumo: 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.