The literature on Financial Crises provides several theoretical Economic models that try to understand the linkages between banking and currency crises, and the causality direction is not unambiguous: one stream argues that currency crises cause banking crises Stoker, James (1994).
The literature on Financial Crises provides several theoretical Economic models. These several theoretical Economic models try to understand the linkages between banking and currency crises. The causality direction is not unambiguous. Currency crises cause banking crises Stoker, James (1994). This is what one stream argues.