Currencies' exchange rate trend-before and after financial crisis
Name
659520074-MIT.pdf
Description
Full printable version
Size
1.69 MB
Format
Adobe PDF
Checksum (MD5)
e42fa5599c9becabc7a807a7db265f82
Author(s)
Koh, Kyung Hee, S.M. Massachusetts Institute of Technology
Advisor(s)
Roberto Rigobon.
Alternative Title
Currencies' exchange rate trend
Date Issued
2010
Publisher
Massachusetts Institute of Technology
Abstract
Do financial crises tend to arise together? Recent financial crisis that has originated from credit crisis in US in 2008 spread throughout countries ranging from Asia, to Europe, to Africa. Generally a shock to one country's asset market that causes changes in asset prices in another country's financial market is called financial contagion. While financial turbulence from Lehman bankruptcy spread crisis over a large number of countries, can we say that there is financial contagion? Were countries in different regions of the globe affected in the same way? This thesis will analyze credit crisis by looking into the extent to which it affected 34 countries in six different regions of the world. Foreign exchange markets are often in conjunction with a banking system crisis. In recent credit crunch a banking problem led exchange rate movement. The thesis is particularly focusing on recent volatility of exchange rates in the world.
Description
Thesis (S.M.)--Massachusetts Institute of Technology, Sloan School of Management, 2010.
Cataloged from PDF version of thesis.
Includes bibliographical references.
Subjects
Sloan School of Management.
MIT Department
Sloan School of Management
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