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Tekijä: | Daniel, B. C. |
Otsikko: | The timing of exchange rate collapse |
Lehti: | Journal of International Money and Finance
2000 : DEC, VOL. 19:6, p. 765-784 |
Asiasana: | Currency markets Exchange rates Fiscal policy Econometric models |
Kieli: | eng |
Tiivistelmä: | Recent episodes of exchange rate collapse have renewed interest in models of speculative attacks. This paper develops a fundamental model in which collapse is instaneous at the time of unexpected policy change/or a change in the expectations of future policy, even for a reserve abundant country. |
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