five

Models of Currency Crises with Self-Fulfilling Features

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NBER1995-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w5285
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The discomfort a government suffers from speculation against its currency determines the strategic incentives of speculators and the scope for multiple currency-market equilibria. After describing an illustrative model in which high unemployment may cause an exchange- rate crisis with self
创建时间:
1995-10-01
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