@article{oai:nagasaki-u.repo.nii.ac.jp:00010052,
 author = {工藤, 健},
 issue = {1-2},
 journal = {経営と経済, Journal of Business and Economics},
 month = {Sep},
 note = {This research investigates that the currency board can prevent currency
crisis with a perspective of the government's budget constraint
and fiscal policy rule. Results from our analysis clarify subsequent implications.
First, the equilibrium level of exchange rate and prices depend
on the fiscal policy. Second, under the currency board regime, the currency
crisis based on fundamentals can be occurred in the case that the
‘Active’fiscal policy which is inconsistent with exchange rate parity
is implemented, and the self-fulfilling currency crisis can be occurred in
the case that the‘Passive’fiscal policy is implemented. Third, the Argentine
currency crisis in the end of 2001 is based on the fundamentals
with the result of fiscal expansion and the debt accumulation in the latter
half of 1990s., 田口信夫、高倉泰夫、森永春乃先生 定年退職記念号, 經營と經濟, 91(1-2), pp.37-64; 2011},
 pages = {37--64},
 title = {財政政策と通貨危機--政策当局の予算制約と政策ルールの視点から},
 volume = {91},
 year = {2011}
}