Are currency crises self-fulfilling? the case of Argentina
AbstractThis paper analyzes the 2002 Argentine crisis using the Jeanne and Masson (2000) model with sunspots. Testing this model empirically through a Markov-switching model suggests that self-sulfilling prophecies is a reasonable explanation for the devaluation of the peso.
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Bibliographic InfoPaper provided by Economics and Finance Section, School of Social Sciences, Brunel University in its series Public Policy Discussion Papers with number 02-26.
Length: 7 pages
Date of creation: Oct 2002
Date of revision:
Contact details of provider:
Postal: Brunel University, Uxbridge, Middlesex UB8 3PH, UK
Other versions of this item:
- Virginie Boinet & Oreste Napolitano & Nicola Spagnolo, 2002. "Are currency crises self-fulfilling? the case of Argentina," Economics and Finance Discussion Papers 02-26, Economics and Finance Section, School of Social Sciences, Brunel University.
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