Munich Personal RePEc Archive

Endogenous and Exogenous Explanations for the Financial Crises in Mexico, SE Asian and Russia

Sinta, Nur (2018): Endogenous and Exogenous Explanations for the Financial Crises in Mexico, SE Asian and Russia. Published in: Journal of International Finance No. Special Edition (2018): pp. 172-179.

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Abstract

This paper aims at proving empirically the superiority of an explanation for recent financial crises in emerging countries which combines endogenous and exogenous factors rather than focusing only on one of these two kinds of factors. To this end, empirical analysis on estimates of random effects models for statistics of Fisher is built. Elements of a similar explanation have been made in the context of a particular crisis. This contribution covers the crises (Mexican 1994, Asian 1997 and Russian 1998), thus covering most of the financial crises that took place during the last decade of the twentieth century.

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