Models of currency crises with self|fulfilling features

Models of currency crises with self-fulfilling features - ScienceDirect

Abstract. The discomfort a government suffers from speculation against its currency determines the strategic incentives of speculators and the scope for ...

models of currency crises with self-fulfilling features

MODELS OF CURRENCY CRISES. WITH SELF-FULFILLING FEATURES. Maurice Obstfeld. Working Paper 5285. NATIONAL BUREAU OF ECONOMIC RESEARCH. 1050 Massachusetts Avenue.

Models of currency crises with self-fulfilling features

Models of currency crises with self-fulfilling features. Maurice Obstfeld *. Department of Economics, Unioersity of California at Berkeley, Berkeley, CA 94720 ...

Models of Currency Crises with Self-Fulfilling Features | NBER

Models of Currency Crises with Self-Fulfilling Features ... The discomfort a government suffers from speculation against its currency determines ...

Models of currency crises with self-fulfilling features - IDEAS/RePEc

Obstfeld, Maurice, 1996. "Models of currency crises with self-fulfilling features," European Economic Review, Elsevier, vol. 40(3-5), pages 1037-1047, April.

Models of Currency Crises with Self-Fulfilling Features

The discomfort a government suffers from speculation against its currency determines the strategic incentives of speculators and the scope for multiple ...

Models of currency crises with self-fulfilling features: A comment

They aim at explaining currency crisis without apparent fundamental disequilibrium. They are also useful to render account for currency crisis unpredictability.

Journal of International Economics 43 (1997) 263-286

This paper studies the respective roles of the fundamentals and self-fulfilling speculation in currency crises. We first present a model of a fixed exchange ...

Models of Currency Crises with Self-Fulfilling Features - EconBiz

The discomfort a government suffers from speculation against its currency determines the strategic incentives of speculators and the scope for multiple ...

Self-Fulfilling Currency Crises: The Role of Interest Rates

Our model captures three key features of domestic inter- est rates that are absent from Morris and. Shin's analysis. First, the domestic interest rate responds ...

Currency crisis models - Kellogg School of Management

The logic of currency crises. Cahiers Economiques et Monétaires 43,. 189–213. Obstfeld, M. 1996. Models of currency crises with self-fulfilling features.

Unique Equilibrium in a Model of Self-Fulfilling Currency Attacks

By most accounts, both the European Exchange Rate Mechanism. (ERM) and the Mexican peso were "ripe" for attack for some time before the crises that brought them ...

Models of Currency Crises with Self-Fulfilling Features

Semantic Scholar extracted view of "Models of Currency Crises with Self-Fulfilling Features" by M. Obstfeld.

currency crises models | SpringerLink

Obstfeld, M. 1996. Models of currency crises with self-fulfilling features. European Economic Review 40, 1037–47. Article Google Scholar. Wijnbergen, ...

currency crisis model - MIT

The paper describes several different scenarios for currency crises that are not driven by fundamentals, including self-fulfilling crises in which endogenous ...

Self-fulfilling crisis - Wikipedia

Self-fulfilling crisis refers to a situation that a financial crisis is not directly caused by the unhealthy economic fundamental conditions or improper ...

Self-Fulfilling Currency Crises: The Role of Interest Rates

Self-Fulfilling Currency Crises: The Role of Interest Rates by Christian Hellwig, Arijit Mukherji and Aleh Tsyvinski. Published in volume 96, issue 5, ...

The Logic of Currency Crises - University of California, Berkeley

to illustrate some restrictive features of the standard model ... This section explores economic two models of self-fulfilling crisis that ...

Leading Indicators of Currency Crises

This model suggests that the period preceding a currency crisis would be ... vides evidence against models with self-fulfilling crises because it is pre-.

Self-Fulfilling Currency Crises and Central Bank Independence - jstor

We develop a model of a fixed exchange rate peg arrangement derived from the Barro-Gordon model of rules versus discretion. It is shown that the fixed peg ...