Currency Crises and Foreign Reserves : A Simple Model /
This paper addresses the important question of how far a government will run down its stock of foreign reserves in a defense of a fixed exchange rate. An optimizing model of currency crisis is presented in which the decision of whether or not to borrow in a defense of a peg is explicitly analyzed. T...
| Egile nagusia: | |
|---|---|
| Formatua: | Aldizkaria |
| Hizkuntza: | English |
| Argitaratua: |
Washington, D.C. :
International Monetary Fund,
2001.
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| Saila: | IMF Working Papers; Working Paper ;
No. 2001/018 |
| Sarrera elektronikoa: | Full text available on IMF |