Construct · 1 fields · 1 citations

twin crises: a standalone construct

One name. One construct. A landmark on the map.

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twin crises1 CONSTRUCTTwin crisesKAMINSKY · INTERNATIONAL

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

International finance

the joint occurrence of banking crises and balance-of-payments crises, in which banking problems typically precede and feed currency collapses.

In international finance, twin crises refers to the joint occurrence of banking crises and balance-of-payments crises, in which banking problems typically precede and feed currency collapses. This meaning comes from Kaminsky (1999) in American Economic Review.[1]

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Nearby constructs

joint2 fields · 2 citationsjingle · one word, two constructstwin4 fields · 7 citationsjingle · one word, four constructs

References

  1. Kaminsky, G. L., & Reinhart, C. M. (1999). The Twin Crises: The Causes of Banking and Balance-of-Payments Problems. American Economic Review, 89(3), 473-500. https://doi.org/10.1257/aer.89.3.473

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