Speculative Attacks, Forward Market Intervention and the Classic Bear Squeeze /
A typical strategy used by speculators to launch an attack on a fixed exchange regime is the use of forward markets. Central banks also intervene in forward markets to counter speculation. This paper addresses the question of how an attack is launched on the forward market, and what the optimal poli...
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| פורמט: | כתב-עת |
| שפה: | English |
| יצא לאור: |
Washington, D.C. :
International Monetary Fund,
1997.
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| סדרה: | IMF Working Papers; Working Paper ;
No. 1997/164 |
| גישה מקוונת: | Full text available on IMF |