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Unique Equilibrium in a Model of Self-Fulfilling Currency Attacks

โœ Scribed by Stephen Morris and Hyun Song Shin

Book ID
118247464
Publisher
American Economic Association
Year
1998
Tongue
English
Weight
460 KB
Volume
88
Category
Article
ISSN
0002-8282

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๐Ÿ“œ SIMILAR VOLUMES

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A stochastic model of self-fulfilling crises in fixed exchange rate systems
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