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...

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Bibliographic Details
Main Author: Choueiri, Nada
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1999.
Series:IMF Working Papers; Working Paper ; No. 1999/029
Online Access:Full text available on IMF

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