Defending against speculative attacks
While virtually all currency crisismodels recognise that the fate of a currency peg depends on how tenaciously policy makers defend it, they seldom model how this is done. We incorporate themechanics of speculation and the interest rate defence against it in the model ofMorris and Shin (American Eco...
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| Format: | UnknownFormat |
| Sprache: | eng |
| Veröffentlicht: |
Berlin
SFB 649, Economic Risk
2009
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| Schriftenreihe: | SFB 649 discussion paper
2009,011 |
| Schlagworte: | |
| Online Zugang: | http://sfb649.wiwi.hu-berlin.de/papers/pdf/SFB649DP2009-011.pdf |
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