Examination of the Libyan currency crisis : weak fundamentals or a moral hazard problem
Other Title(s)
أزمة العملة في ليبيا : ضعف أساسيات الاقتصاد الكلي أو مشكلة المخاطر المعنوية
Author
Source
Issue
Vol. 27, Issue 1-2 (31 Dec. 2021), pp.1-27, 27 p.
Publisher
Publication Date
2021-12-31
Country of Publication
Libya
No. of Pages
27
Main Subjects
Abstract EN
Over the last three decades, many nations and regions around the world have experienced severe currency crises.
Three types of models were used to investigate their main causes.
These models are referred to in literature as the first, the second, and the third-generation models.
The macroeconomic fundamentals have generally been the primary causes of currency crises in the first and the second generation models, whereas the third generation models stress on the important role of moral hazard, balance sheet vulnerabilities and foreign capital flows.
This paper aims to examine which of these three models can best explain the current currency crisis in Libya.
We conclude that the Libyan currency crisis has unique characteristics as it is a combination of weak government policies as in the first-generation models and weak banking system as in the third-generation model.
American Psychological Association (APA)
al-Mismari, Inas Abd al-Hamid. 2021. Examination of the Libyan currency crisis : weak fundamentals or a moral hazard problem. Journal of Economic Research،Vol. 27, no. 1-2, pp.1-27.
https://search.emarefa.net/detail/BIM-1416433
Modern Language Association (MLA)
al-Mismari, Inas Abd al-Hamid. Examination of the Libyan currency crisis : weak fundamentals or a moral hazard problem. Journal of Economic Research Vol. 27, no. 1-2 (2021), pp.1-27.
https://search.emarefa.net/detail/BIM-1416433
American Medical Association (AMA)
al-Mismari, Inas Abd al-Hamid. Examination of the Libyan currency crisis : weak fundamentals or a moral hazard problem. Journal of Economic Research. 2021. Vol. 27, no. 1-2, pp.1-27.
https://search.emarefa.net/detail/BIM-1416433
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 24-27
Record ID
BIM-1416433