Currency crises: introduction of spot speculators

✍ Scribed by Aleš Černý

• Book ID: 101284969
• Publisher: John Wiley and Sons
• Year: 1999
• Tongue: English
• Weight: 208 KB
• Volume: 4
• Category: Article
• ISSN: 1076-9307
• DOI: 10.1002/(sici)1099-1158(199901)4:1<75::aid-ijfe86>3.0.co;2-j

✦ Synopsis

My analysis reveals that speculators attack before the natural collapse would have occurred, but they do not eliminate the jump in the exchange rate. This result holds regardless of the number of speculators.