Currency Crises and Uncertainty About Fundamentals

Currency Crises and Uncertainty About Fundamentals
This paper studies how uncertainty about fundamentals contributed to currency crises from both a theoretical and an empirical perspective. We find evidenceCbased on a monthly dataset of Consensus forecasts for six Asian countries in the period January 1995-May 2001Cconfirming the theoretical predictions (from both unique- and multiple-equilibria... READ MORE...

Publication date: January 2002
ISBN 9781451841916
$15.00

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