Self-Fulfilling Currency Crises: The Role of Interest Rates
收藏NBER2005-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w11191
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资源简介：
We develop a stylized currency crises model with heterogeneous information among investors and endogenous determination of interest rates in a noisy rational expectations equilibrium. Our model captures three key features of interest rates: the opportunity cost of attacking the currency responds to
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美国国家经济研究局创建时间：
2005-03-01
