Author: Robert P. Flood
Publisher: MIT Press
ISBN: 9780262061698
Category : Business & Economics
Languages : en
Pages : 528
Book Description
The papers in this book are grouped into three sections: the first on price bubbles is primarily financial; the second on speculative attacks (on exchange rate regimes) is international in scope; and the third, on policy switching, is concerned with monetary policy.
Speculative Bubbles, Speculative Attacks, and Policy Switching
Author: Robert P. Flood
Publisher: MIT Press
ISBN: 9780262061698
Category : Business & Economics
Languages : en
Pages : 528
Book Description
The papers in this book are grouped into three sections: the first on price bubbles is primarily financial; the second on speculative attacks (on exchange rate regimes) is international in scope; and the third, on policy switching, is concerned with monetary policy.
Publisher: MIT Press
ISBN: 9780262061698
Category : Business & Economics
Languages : en
Pages : 528
Book Description
The papers in this book are grouped into three sections: the first on price bubbles is primarily financial; the second on speculative attacks (on exchange rate regimes) is international in scope; and the third, on policy switching, is concerned with monetary policy.
Speculative Attacks
Author: Mr.Guillermo Calvo
Publisher: International Monetary Fund
ISBN: 1451926510
Category : Business & Economics
Languages : en
Pages : 7
Book Description
A brief survey of the literature on speculative attacks is provided. The nature and causes of balance-of-payments crises, the implications for the behavior of the current account and the real exchange rate are discussed. Also, potential areas for future research on balance-of-payments crises are suggested.
Publisher: International Monetary Fund
ISBN: 1451926510
Category : Business & Economics
Languages : en
Pages : 7
Book Description
A brief survey of the literature on speculative attacks is provided. The nature and causes of balance-of-payments crises, the implications for the behavior of the current account and the real exchange rate are discussed. Also, potential areas for future research on balance-of-payments crises are suggested.
Speculative Attacks
Author: Pablo E. Guidotti
Publisher:
ISBN:
Category :
Languages : en
Pages : 7
Book Description
A brief survey of the literature on speculative attacks is provided. The nature and causes of balance-of-payments crises, the implications for the behavior of the current account and the real exchange rate are discussed. Also, potential areas for future research on balance-of-payments crises are suggested.
Publisher:
ISBN:
Category :
Languages : en
Pages : 7
Book Description
A brief survey of the literature on speculative attacks is provided. The nature and causes of balance-of-payments crises, the implications for the behavior of the current account and the real exchange rate are discussed. Also, potential areas for future research on balance-of-payments crises are suggested.
Speculative Attacks and Models of Balance of Payments Crises
Author: Mr.Robert P. Flood
Publisher: International Monetary Fund
ISBN: 1451852185
Category : Business & Economics
Languages : en
Pages : 64
Book Description
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.
Publisher: International Monetary Fund
ISBN: 1451852185
Category : Business & Economics
Languages : en
Pages : 64
Book Description
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.
Speculative Attacks and Currency Crises
Author: Ms.Inci Ötker
Publisher: International Monetary Fund
ISBN: 1451853548
Category : Business & Economics
Languages : en
Pages : 38
Book Description
This paper estimates a speculative attack model of currency crises in order to identify the role of economic fundamentals and any early warning signals of a potential currency crisis. The data from the Mexican economy was used to illustrate the model. Based on the results, a deterioration in fundamentals appears to have generated high one-step-ahead probabilities for the regime changes during the sample period 1982-1994. Particularly, increases in inflation differentials, appreciations of the real exchange rate, foreign reserve losses, expansionary monetary and fiscal policies, and increases in the share of short-term foreign currency debt appear to have contributed to the market pressures and regime changes in that period.
Publisher: International Monetary Fund
ISBN: 1451853548
Category : Business & Economics
Languages : en
Pages : 38
Book Description
This paper estimates a speculative attack model of currency crises in order to identify the role of economic fundamentals and any early warning signals of a potential currency crisis. The data from the Mexican economy was used to illustrate the model. Based on the results, a deterioration in fundamentals appears to have generated high one-step-ahead probabilities for the regime changes during the sample period 1982-1994. Particularly, increases in inflation differentials, appreciations of the real exchange rate, foreign reserve losses, expansionary monetary and fiscal policies, and increases in the share of short-term foreign currency debt appear to have contributed to the market pressures and regime changes in that period.
Speculative Attacks, Forward Market Intervention and the Classic Bear Squeeze
Author: Mr.Subir Lall
Publisher: International Monetary Fund
ISBN: 1451980205
Category : Business & Economics
Languages : en
Pages : 38
Book Description
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 policy response to such speculation is in the forward and spot markets. The paper also demonstrates how central banks can impose a bear squeeze on speculators. Recent events in South East Asian currency markets are interpreted within the framework of the model’s predictions.
Publisher: International Monetary Fund
ISBN: 1451980205
Category : Business & Economics
Languages : en
Pages : 38
Book Description
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 policy response to such speculation is in the forward and spot markets. The paper also demonstrates how central banks can impose a bear squeeze on speculators. Recent events in South East Asian currency markets are interpreted within the framework of the model’s predictions.
Speculative Attacks
Author: Guillermo A. Calvo
Publisher:
ISBN:
Category : Balance of payments
Languages : en
Pages : 0
Book Description
Publisher:
ISBN:
Category : Balance of payments
Languages : en
Pages : 0
Book Description
Speculative Attacks, Private Signals and Intertemporal Trade-offs
Author: Nikola A. Tarashev
Publisher:
ISBN:
Category : Currency crises
Languages : en
Pages : 36
Book Description
Publisher:
ISBN:
Category : Currency crises
Languages : en
Pages : 36
Book Description
Devaluation Expectations and Speculative Attacks on the Currency
Author: Alpo Willman
Publisher:
ISBN:
Category : Devaluation of currency
Languages : en
Pages : 44
Book Description
Publisher:
ISBN:
Category : Devaluation of currency
Languages : en
Pages : 44
Book Description