文章基本信息

标题：An investigation on the effect of central bank money injection on creating currency crisis
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作者：Nazi Mohamadzadeh Asl ; Leila Jamshidi
期刊名称：Management Science Letters
印刷版ISSN：1923-9335
电子版ISSN：1923-9343
出版年度：2014
卷号：4
期号：5
页码：775-778
DOI：10.5267/j.msl.2014.2.008
出版社：Growing Science
摘要：This paper investigates the effects of different factors influencing on supplement of currency in Iran and the likelihood of currency crises. The study implements two methods of Logit and Probit to determine the likelihood of currency crises based on the historical data over the period 1989-2012. In this study, currency crisis is defined in terms of three variables of currency change on market, interest rate and central bank foreign deposits. The results of the study indicate that the ratio of government (non-government) liabilities to central bank/Growth domestic product (GDP) has positive (negative) relationship with currency crises.
关键词：Currency crisis; Logit and Probit models; Government liabilities