A heterogeneous route to the European monetary system crisis
We estimate a dynamic heterogeneous agents model for the British pound during the European monetary system crisis. We illustrate the chain of events leading to the suspension of the pound from the exchange rate mechanism in terms of switching beliefs, from fundamentalist to chartist.
Year of publication: |
2009
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Authors: | Jong, Eelke de ; Verschoor, Willem ; Zwinkels, Remco |
Published in: |
Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 16.2009, 9, p. 929-932
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Publisher: |
Taylor & Francis Journals |
Saved in:
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