Perspectiveson the Recent Currency Crisis Literature /

In the 1990s, currency crises in Europe, Mexico, and Asia have drawn worldwide attention to speculative attacks on government-controlled exchange rates and have prompted researchers to undertake new theoretical and empirical analysis of these events. This paper provides some perspective on this work...

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书目详细资料
主要作者: Marion, Nancy
其他作者: Flood, Robert
格式: 杂志
语言:English
出版: Washington, D.C. : International Monetary Fund, 1998.
丛编:IMF Working Papers; Working Paper ; No. 1998/130
在线阅读:Full text available on IMF
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100 1 |a Marion, Nancy. 
245 1 0 |a Perspectiveson the Recent Currency Crisis Literature /  |c Nancy Marion, Robert Flood. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1998. 
300 |a 1 online resource (51 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a In the 1990s, currency crises in Europe, Mexico, and Asia have drawn worldwide attention to speculative attacks on government-controlled exchange rates and have prompted researchers to undertake new theoretical and empirical analysis of these events. This paper provides some perspective on this work and relates it to earlier research. It derives the optimal commitment to a fixed exchange rate and proposes a common framework for analyzing currency crises. This framework stresses the important role of speculators and recognizes that the government's commitment to a fixed exchange rate is constrained by other policy goals. The final section finds that some crises may be particularly difficult to predict using currently popular methods. 
538 |a Mode of access: Internet 
700 1 |a Flood, Robert. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1998/130 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1998/130/001.1998.issue-130-en.xml  |z IMF e-Library