Policy Implications of "Second-Generation" Crisis Models /

After the speculative attacks on government-controlled exchange rates in Europe and in Mexico, economists began to develop models of currency crises with multiple solutions. In these models, a currency crisis occurs when the economy suddenly jumps from one solution to another. This paper examines on...

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Hlavní autor: Marion, Nancy
Další autoři: Flood, Robert
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 1997.
Edice:IMF Working Papers; Working Paper ; No. 1997/016
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On-line přístup:Full text available on IMF