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Stochastic modeling of fat-tailed probabilities of foreign exchange rates

โœ Scribed by Mathias Karth; Joachim Peinke


Publisher
John Wiley and Sons
Year
2002
Tongue
English
Weight
178 KB
Volume
8
Category
Article
ISSN
1076-2787

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A stochastic model of self-fulfilling cr
โœ Tobias Adrian; Daniel Gros ๐Ÿ“‚ Article ๐Ÿ“… 1999 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 236 KB ๐Ÿ‘ 2 views

been thoroughly investigated in the recent literature on speculative attacks. We find that an increase in uncertainty makes self-fulfilling speculative attacks less likely. Depending on the benefits of keeping exchange rates fixed, there are two possibilities: for low benefits, an increase in uncert