{"id":"https://openalex.org/W3122848069","doi":null,"title":"Preventing Currency Crises in Emerging Markets","display_name":"Preventing Currency Crises in Emerging Markets","publication_year":null,"publication_date":null,"ids":{"openalex":"https://openalex.org/W3122848069","mag":"3122848069"},"language":"en","primary_location":{"id":"pmh:oai:RePEc:nbr:nberch:10642","doi":null,"is_oa":false,"landing_page_url":"http://www.nber.org/chapters/c10642.pdf","pdf_url":"http://www.nber.org/chapters/c10642.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"book"},"volume":null,"type":"book","indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5109848490","display_name":"Shang\u2010Jin Wei","orcid":"https://orcid.org/0000-0002-6685-9366","observed_orcids":["https://orcid.org/0000-0002-6685-9366"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Shang-Jin Wei","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5068590853","display_name":"Yi Wu","orcid":"https://orcid.org/0000-0003-0354-5658","observed_orcids":["https://orcid.org/0000-0003-0354-5658"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Yi Wu","raw_affiliation_strings":["WKH UH.LSLHQW .RXQWU\\ \u00b6V .XUUHQ.\\ RU ILQDQ"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"WKH UH.LSLHQW .RXQWU\\ \u00b6V .XUUHQ.\\ RU ILQDQ","institution_ids":[]}]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":107,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.9984999895095825,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.9984999895095825,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11042","display_name":"Corruption and Economic Development","score":0.0005000000237487257,"subfield":{"id":"https://openalex.org/subfields/3312","display_name":"Sociology and Political Science"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/currency-crises","display_name":"currency crises","score":0.9900000095367432},{"id":"https://openalex.org/keywords/emerging-markets","display_name":"emerging markets","score":0.9049999713897705},{"id":"https://openalex.org/keywords/crony-capitalism","display_name":"crony capitalism","score":0.8790000081062317},{"id":"https://openalex.org/keywords/corruption","display_name":"corruption","score":0.9279999732971191},{"id":"https://openalex.org/keywords/public-governance","display_name":"public governance","score":0.8870000243186951},{"id":"https://openalex.org/keywords/international-capital-flows","display_name":"international capital flows","score":0.6100000143051147},{"id":"https://openalex.org/keywords/self-fulfilling-expectations","display_name":"self-fulfilling expectations","score":0.8870000243186951},{"id":"https://openalex.org/keywords/international-borrowing","display_name":"international borrowing","score":0.45500001311302185},{"id":"https://openalex.org/keywords/foreign-direct-investment","display_name":"foreign direct investment","score":0.5339999794960022}],"concepts":[{"id":"https://openalex.org/C174468945","wikidata":"https://www.wikidata.org/wiki/Q39689","display_name":"Alchemy","level":2,"score":0.8707390427589417},{"id":"https://openalex.org/C141121606","wikidata":"https://www.wikidata.org/wiki/Q8142","display_name":"Currency","level":2,"score":0.665681004524231},{"id":"https://openalex.org/C83646750","wikidata":"https://www.wikidata.org/wiki/Q193893","display_name":"Capital (architecture)","level":2,"score":0.5673305988311768},{"id":"https://openalex.org/C2780027415","wikidata":"https://www.wikidata.org/wiki/Q524648","display_name":"Language change","level":2,"score":0.5090529322624207},{"id":"https://openalex.org/C40231798","wikidata":"https://www.wikidata.org/wiki/Q1333743","display_name":"Composition (language)","level":2,"score":0.5069399476051331},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.47404026985168457},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.44454336166381836},{"id":"https://openalex.org/C2991741723","wikidata":"https://www.wikidata.org/wiki/Q8137","display_name":"Capital flows","level":3,"score":0.43428415060043335},{"id":"https://openalex.org/C142362112","wikidata":"https://www.wikidata.org/wiki/Q735","display_name":"Art","level":0,"score":0.12806174159049988},{"id":"https://openalex.org/C95457728","wikidata":"https://www.wikidata.org/wiki/Q309","display_name":"History","level":0,"score":0.10991346836090088},{"id":"https://openalex.org/C124952713","wikidata":"https://www.wikidata.org/wiki/Q8242","display_name":"Literature","level":1,"score":0.10818499326705933},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.10573849081993103},{"id":"https://openalex.org/C195244886","wikidata":"https://www.wikidata.org/wiki/Q41493","display_name":"Ancient history","level":1,"score":0.08543035387992859},{"id":"https://openalex.org/C58823610","wikidata":"https://www.wikidata.org/wiki/Q746418","display_name":"Liberalization","level":2,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"pmh:oai:RePEc:nbr:nberch:10642","doi":null,"is_oa":false,"landing_page_url":"http://www.nber.org/chapters/c10642.pdf","pdf_url":"http://www.nber.org/chapters/c10642.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"book"}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/16","display_name":"Peace, justice, and strong institutions","score":0.7297000288963318}],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/16","display_name":"Peace, justice, and strong institutions","score":0.7900000214576721}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":15,"referenced_works":["https://openalex.org/W205971339","https://openalex.org/W1550693638","https://openalex.org/W1569199409","https://openalex.org/W1589078644","https://openalex.org/W1862736203","https://openalex.org/W1991128340","https://openalex.org/W2059893430","https://openalex.org/W2067636471","https://openalex.org/W2089797611","https://openalex.org/W2125997216","https://openalex.org/W2126555709","https://openalex.org/W2133369488","https://openalex.org/W2150136496","https://openalex.org/W3121759882","https://openalex.org/W3122267985"],"related_works":["https://openalex.org/W7002300318","https://openalex.org/W7096400396","https://openalex.org/W1517524990","https://openalex.org/W2158759879","https://openalex.org/W1943803885","https://openalex.org/W7096840005","https://openalex.org/W2030820496","https://openalex.org/W2370574311","https://openalex.org/W7095578943","https://openalex.org/W282222099"],"abstract_inverted_index":{"Crony":[0],"capitalism":[1,146],"and":[2],"self-fulfilling":[3],"expectations":[4],"by":[5,61],"international":[6,66],"creditors":[7],"are":[8],"often":[9],"suggested":[10],"as":[11,93],"two":[12,26],"rival":[13],"explanations":[14],"for":[15],"currency":[16,56,102,138],"crisis.":[17,103,139],"This":[18,161],"paper":[19,162],"examines":[20],"a":[21,39,46,55,62,80,85,97,101,117,133,137,153,164],"possible":[22],"linkage":[23],"between":[24],"the":[25,34,150],"that":[27,48,58,73,110],"has":[28,90],"not":[29,148],"been":[30,91],"explored":[31],"much":[32],"in":[33,45,123],"literature:":[35],"corruption":[36],"may":[37],"affect":[38],"country's":[40,118],"composition":[41,86],"of":[42,65,87,100,136,152],"capital":[43,67,88],"inflows":[44],"way":[47],"makes":[49],"it":[50,155],"more":[51],"likely":[52],"to":[53,120],"experience":[54],"crisis":[57],"is":[59,77,114,129],"triggered/aided":[60],"sudden":[63],"reversal":[64],"flows.":[68],"We":[69,104],"find":[70,106],"robust":[71],"evidence":[72,109],"poor":[74,111],"public":[75,112],"governance":[76,113],"associated":[78,95,115,131],"with":[79,96,116,132],"higher":[81,98,134],"loan-to-FDI":[82],"ratio.":[83],"Such":[84],"flows":[89],"identified":[92],"being":[94],"incidence":[99,135],"also":[105,130],"some":[107],"weaker":[108],"inability":[119],"borrow":[121],"internationally":[122],"its":[124,159],"own":[125],"currency.":[126],"The":[127],"latter":[128],"To":[140],"sum":[141],"up,":[142],"even":[143],"though":[144],"crony":[145],"does":[147],"forecast":[149],"timing":[151],"crisis,":[154],"can":[156,170],"nevertheless":[157],"increase":[158],"likelihood.":[160],"illustrates":[163],"particular":[165],"channel":[166],"through":[167],"which":[168],"this":[169],"happen.":[171]},"counts_by_year":[{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":6},{"year":2021,"cited_by_count":2},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":3},{"year":2017,"cited_by_count":4},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":4},{"year":2014,"cited_by_count":4},{"year":2013,"cited_by_count":4},{"year":2012,"cited_by_count":7}],"updated_date":"2026-10-31T12:09:11.096373","created_date":"2021-02-01T00:00:00"}
