KEY TERMS

exchange rate crisis

banking crisis

default crisis

twin crises

triple crises

domestic credit

reserves

central bank balance sheet

assets

liabilities

floating line

fixed line

currency board

backing ratio

risk premium

interest rate spread

currency premium

country premium

credibility

contagion

sterilization

insolvent

bailout

illiquid

bank run

lender of last resort

sterilization bonds

first-generation crisis model

fiscal dominance

speculative attack

second-generation crisis model

contingent commitment

multiple equilibria

self-confirming equilibrium

corners hypothesis

International Monetary Fund (IMF)

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