Speculative Attacks and Models of Balance of Payments Crises /

This paper reviews recent developments in the theoretical and empirical analysis of balance-of-payments crises. A simple analytical model highlighting the process leading to such crises is first developed. The basic framework is then extended to deal with a variety of issues, such as: alternative po...

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Bibliografiska uppgifter
Huvudupphovsman: Flood, Robert
Övriga upphovsmän: Agenor, Pierre-Richard, Bhandari, Jagdeep
Materialtyp: Tidskrift
Språk:English
Publicerad: Washington, D.C. : International Monetary Fund, 1991.
Serie:IMF Working Papers; Working Paper ; No. 1991/099
Länkar:Full text available on IMF
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245 1 0 |a Speculative Attacks and Models of Balance of Payments Crises /  |c Robert Flood, Jagdeep Bhandari, Pierre-Richard Agenor. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1991. 
300 |a 1 online resource (64 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper reviews recent developments in the theoretical and empirical analysis of balance-of-payments crises. A simple analytical model highlighting the process leading to such crises is first developed. The basic framework is then extended to deal with a variety of issues, such as: alternative post-collapse regimes, uncertainty, real sector effects, external borrowing and capital controls, imperfect asset substitutability, sticky prices, and endogenous policy switches. Empirical evidence on the collapse of exchange rate regimes is also examined, and the major implications of the analysis for macroeconomic policy discussed. 
538 |a Mode of access: Internet 
700 1 |a Agenor, Pierre-Richard. 
700 1 |a Bhandari, Jagdeep. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1991/099 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1991/099/001.1991.issue-099-en.xml  |z IMF e-Library