Was the current crisis a currency crisis?

American Economics Association Annual meeting is on in Atlanta. The program details are here . WSJ Blog is covering the main papers presented.

Paul Krugman presnets a paper in AEA which obviously becomes a must read.  It is a paper presented at this forum: Nobel and Clark Lectures.

In this paper, he looks at currency crises (which is his brainchild) and the three generations. And then suggests in a way the current crisis is a currency crisis which has not impacted via liability side  (as seen in the previous crisis) but via the asset side.

As usual Krugman at his best. He should just write on economics. What simplicity he explains various eco issues is always refreshing.

Advertisements

2 Responses to “Was the current crisis a currency crisis?”

  1. FOREIGN CURRENCY – C’ est La Vie. | Says:

    […] Was the current crisis a currency crisis? « Mostly Economics […]

  2. Latest Foreign Currency Auctions | Says:

    […] Was the current crisis a currency crisis? « Mostly Economics […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.


%d bloggers like this: