Exchange Market Pressures and Speculative Capital Flows in Selected European Countries /

This paper estimates a speculative attack model of currency crises in an attempt to identify the roles of macroeconomic fundamentals and speculative market pressures in the recent crisis, as well as earlier devaluations in adjustable fixed exchange rate systems in the European currency markets. For...

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Bibliographic Details
Main Author: Pazarbasioglu, Ceyla
Other Authors: Otker, Inci
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1994.
Series:IMF Working Papers; Working Paper ; No. 1994/021
Online Access:Full text available on IMF