FINANCIAL FRAGILITY AND CURRENCYCRISES

The standard model of currency crises is amended to distinguish betweenunemployment aversion and financial fragility. Fragility is assumed to affect theauthorities’ sensitivity to a combination of high real interest rates and unemployment.An increase in fragility expands the region of potentially self-fulfilling crises at theexpense of the “safe” region, particularly if the fundamentals are weak...

MoreLess

Year of publication:	2000-02-01
Authors:	Bleaney, Michael F.
Institutions:	University <Nottingham> / Department of Economics
Subject:	Bank \| Glaubwürdigkeit \| linear credibility predictors \| Zins \| Wechselkurs \| Inflation

More details

Extent:	71680 bytes 21 p. application/pdf
Series:	The University of Nottingham / School of Economics - discussion papers Discussion Paper ; No. 00/4
Type of publication:	Book / Working Paper
Language:	English
Classification:	F31 - Foreign Exchange ; Financial theory ; Terms and pricing policy ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005869186