Exchange Market Pressures and Speculative Capital Flows in Selected European Countries

Exchange Market Pressures and Speculative Capital Flows in Selected European Countries
This paper estimates a speculative attack model of currency crises in an attempt to identify the roles of macroeconomic fundamentals and speculative market pressures in the recent crisis, as well as earlier devaluations in adjustable fixed exchange rate systems in the European currency markets. For a sample of five countries, including Denmark,... READ MORE...

Publication date: February 1994
ISBN 9781451921571
$15.00

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