haku: @indexterm currency markets / yhteensä: 142
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| Tekijä: | Cavallari, L. Corsetti, G. |
| Otsikko: | Shadow rates and multiple equilibria in the theory of currency crises |
| Lehti: | Journal of International Economics
2000 : AUG, VOL. 51:2, p. 275-286 |
| Asiasana: | Currency Currency markets Exchange rates |
| Kieli: | eng |
| Tiivistelmä: | This note generalizes to second generation models of currency crises the arbitrage-based approach. Using the 'shadow rate', the authors provide and discuss an example of a common mechanism generating multiple equilibria in both first and second generation models. |
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