Monthly Archives: December 2012

Crisis devaluations

Still thinking about a euro-area breakup. The question for this project is: For a given current account deficit and prior real appreciation, how big is the devaluation?The dataset contain 36 devaluation episodes, all of which featured a minimum 15% nominal … Continue reading

Posted in Uncategorized | Leave a comment

Thinking about a eurozone breakup

This project draws on post-Bretton Woods history of large-scale currency moves. Each observation marks the date at which the currency collapsed or went from slow fall to freefall. The penultimate column is the change in the nominal exchange rate over … Continue reading

Posted in Uncategorized | Leave a comment