A Model of Contagious Currency Crises with Application to Argentina /
This paper proposes a model of contagious currency crises: crises transmit across countries by raising the risk premium on government bonds. Three types of equilibria can occur: a 'no-collapse' equilibrium (crises never transmit from abroad); a 'collapse' equilibrium (crises are...
| Autor Principal: | |
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| Formato: | Revista |
| Idioma: | English |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
1999.
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| Series: | IMF Working Papers; Working Paper ;
No. 1999/029 |
| Acceso en liña: | Full text available on IMF |