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...
| Egile nagusia: | |
|---|---|
| Formatua: | Aldizkaria |
| Hizkuntza: | English |
| Argitaratua: |
Washington, D.C. :
International Monetary Fund,
1999.
|
| Saila: | IMF Working Papers; Working Paper ;
No. 1999/029 |
| Sarrera elektronikoa: | Full text available on IMF |