Nous analysons les effets de la coordination et de la coopération internationales sur le déclenchement et ta contagion des crises de change, dans le cadre d'un modèle à trois pays bâti sur l'approche « clause de sortie » des systèmes de changes fixes. Nous montrons que la coordination...

[eng] The effects of international coordination and cooperation on the triggering of speculative exchange rate crises. . We analyse the effects of international coordination and cooperation on the trigger action and the contagion of currency crises, in a three-country model built on the 'escape...

We analyse the effects of international coordination and cooperation on the trigger action and the contagion of currency crises, in a three-country model built on the ?escape clause? approach of fixed exchange rate systems. We show that coordination decreases the possibility of self-fulfilling...

In locally linearized dynamic stochastic rational-expectations models, I introduce the concepts of feasible paths (paths on which the policy instrument can be expressed as a function of the policymaker's observation set) and implementable paths (paths that can be obtained, in a minimally robust...

In locally linearized dynamic stochastic rational-expectations models, I introduce the concepts of feasible paths (paths on which the policy instrument can be expressed as a function of the policymaker's observation set) and implementable paths (paths that can be obtained, in a minimally robust...