@techreport{NBERw9786,
 title = "Government Finance in the Wake of Currency Crises",
 author = "Craig Burnside and Martin Eichenbaum and Sergio Rebelo",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "9786",
 year = "2003",
 month = "June",
 URL = "http://www.nber.org/papers/w9786",
 abstract = {This paper addresses two questions: (i) how do governments actually pay for the fiscal costs associated with currency crises; and (ii) what are the implications of different financing methods for post-crisis rates of inflation and depreciation? We study these questions using a general equilibrium model in which a currency crisis is triggered by prospective government deficits. We then use our model in conjunction with fiscal data to interpret government financing in the wake of three recent currency crises: Korea (1997), Mexico (1994) and Turkey (2001).},
}