Multiple Equilibria, Contagion, and the Emerging Market Crises /
The paper surveys the types of models producing multiple equilibria in financial markets. It argues that such models are consistent with observed phenomena, such as the greater volatility of financial asset prices than of macroeconomic fundamentals. Alternative explanations are compared with the sty...
| Հիմնական հեղինակ: | |
|---|---|
| Ձևաչափ: | Ամսագիր |
| Լեզու: | English |
| Հրապարակվել է: |
Washington, D.C. :
International Monetary Fund,
1999.
|
| Շարք: | IMF Working Papers; Working Paper ;
No. 1999/164 |
| Առցանց հասանելիություն: | Full text available on IMF |