Search Results - subject:"speculative attack"

Fix vs. float : evaluating the transition to a sustainable equilibrium in Bolivia

González, Andrés; Jafarov, Etibar; Rodríguez, Diego; … - 2022

Bolivia has achieved noteworthy success over the past 15 years in raising incomes, reducing poverty, and maintaining macroeconomic stability by deploying commodity revenues to finance transfers, public investment, and state-led development, using an exchange rate peg as a policy anchor. However,...

Persistent link: https://www.econbiz.de/10013170086

Sunspots in global games: Theory and experiment

Heinemann, Frank; Moradi, Homayoon - 2018

We solve and test experimentally a global-games model of speculative attacks where agents can choose whether to read, at a cost, a payoff irrelevant (sunspot) announcement. Assuming that subjects exogenously believe some others to follow sunspots, we provide conditions for a unique equilibrium...

Persistent link: https://www.econbiz.de/10011985279

Sunspots in global games : theory and experiment

Heinemann, Frank; Moradi, Homayoon - 2018

Persistent link: https://www.econbiz.de/10011976078

Exit Strategies, Capital Flight and Speculative Attacks: Europe's Version of the Trilemma

Steiner, Andreas; Steinkamp, Sven; Westermann, Frank - 2017

In the winter 2011/12 a wave of internal capital flight prompted the ECB to abandon its exit strategy and to announce an unprecedented monetary expansion. We analyze this episode in several dimensions: (i) by providing an event-study analysis covering key variables from national central banks’...

Persistent link: https://www.econbiz.de/10011777618

Exit strategies, capital flight and speculative attacks: Europe's version of the trilemma

Steiner, Andreas; Steinkamp, Sven; Westermann, Frank - 2017

In the winter 2011/12 a wave of internal capital .ight prompted the ECB to abandon its exit strategy and to announce an unprecedented monetary expansion. We analyze this episode in several dimensions: (i) by providing an event-study analysis covering key variables from national central...

Persistent link: https://www.econbiz.de/10011926733

Exit strategies, capital flight and speculative attacks : Europe's version of the trilemma

Steiner, Andreas; Steinkamp, Sven; Westermann, Frank - 2017

Persistent link: https://www.econbiz.de/10011754245

Exit strategies, capital flight and speculative attacks : Europe's version of the trilemma

Steiner, Andreas; Steinkamp, Sven; Westermann, Frank - 2017

Persistent link: https://www.econbiz.de/10011740079

Analysis of Leadership at The National Bank Of Romania

Leoveanu, Valentin Mihai - In: Manager Journal 17 (2013) 1, pp. 62-72

inflation targeting, the speculative attack on the currency in the period 17 October to 5 November 2008 and the liquidity crisis …

Persistent link: https://www.econbiz.de/10010945193

Liquidity, the October 2008 Speculative Attack and the Central Bank Reputation

Croitoru, Lucian - In: Journal for Economic Forecasting (2013) 2, pp. 18-51

result of a speculative attack on the Romanian leu. This has altered liquidity flows between credit institutions, thus … speculative attack and create favorable conditions for the interest rate to return to normal levels. It explains the logic and the … reasons behind the speculative attack and shows the role that central bank reputation played during this episode and in the …

Persistent link: https://www.econbiz.de/10010678164

Does asymmetric information play a role in explaining the Asian crisis? Application to Indonesian and Malaysian cases using a two-state Markov Switching model

Trabelsi, Emna - In: Economics Bulletin 31 (2011) 1, pp. 560-571

This paper aims at establishing a relationship between disparity of information and the probability of speculative … attack in explaining the Asian crisis. We apply the general framework of Markov-Switching models to the differential of …

Persistent link: https://www.econbiz.de/10008838387