01447cas a2200253 a 4500 AALejournalIMF000498 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451857634 1018-5941 BD-DhAAL BD-DhAAL Valdes, Rodrigo. Are Currency Crises Predictable? / Rodrigo Valdes, Ilan Goldfajn. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (19 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper studies whether exchange rate expectations and overvaluations are predictors of currency crises. The results suggest that overvaluation has predictive power in explaining crises. However, although expected depreciation obtained from survey data partially takes different measures of exchange rate misalignment into consideration, expectations fail to anticipate currency crises. Mode of access: Internet Goldfajn, Ilan. IMF Working Papers; Working Paper ; No. 1997/159 Full text available on IMF http://elibrary.imf.org/view/journals/001/1997/159/001.1997.issue-159-en.xml IMF e-Library