The contagious currency crises

Authors

  • Keti Tskhadadze Ivane Javakhishvili Tbilisi State University

Keywords:

Currency crisis, currency risk, financial shocks, Georgia, trade openness

Abstract

The purpose of this paper is to analyze the contagious currency crisis, which is characterized by regional nature. As the changing of the economic circumstances in one country does affect on the other country’s economy, it is important to analyze some direct and indirect effects. The currency crises have a tendency to spread around the country, but the most important thing is to define the instruments by which this transmission takes place. In the article we also analyze the impact of the Russian crisis on Georgian economy.

Author Biography

Keti Tskhadadze, Ivane Javakhishvili Tbilisi State University

Ivane Javakhishvili Tbilisi State University, PhD student of international economics direction. M&E and non-grantee technical assistance impact evaluation consultant at the USAID Georgia.  Invited lecturer at The University of Georgia, teaching disciplines: microeconomics, macroeconomics, public finances and managerial economics. 

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Published

21.07.2019

Issue

Vol. 8 No. 3 (2019)

Section

Accounting, Finance, Statistics and Economic informatics

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