Common knowledge and the value of defending a fixed exchange rate--an explanation of a currency crisis
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Eichengreen, Barry & Tobin, James & Wyplosz, Charles, 1995.
"Two Cases for Sand in the Wheels of International Finance,"
Economic Journal, Royal Economic Society, vol. 105(428), pages 162-172, January.
- Eichengreen, Barry & Tobin, James & Wyplosz, Charles, 1994. "Two Cases for Sand in the Wheels of International Finance," Center for International and Development Economics Research (CIDER) Working Papers 233396, University of California-Berkeley, Department of Economics.
- Barry Eichengreen, James Tobin, and Charles Wyplosz., 1994. "Two Cases for Sand in the Wheels of International Finance," Center for International and Development Economics Research (CIDER) Working Papers C94-045, University of California at Berkeley.
- Morris, Stephen & Shin, Hyun Song, 1998.
"Unique Equilibrium in a Model of Self-Fulfilling Currency Attacks,"
American Economic Review, American Economic Association, vol. 88(3), pages 587-597, June.
- Morris, S & Song Shin, H, 1996. "Unique Equilibrium in a Model of Self-Fulfilling Currency Attacks," Economics Papers 126, Economics Group, Nuffield College, University of Oxford.
- Morris, Stephen & Shin, Hyun Song, 1997. "Unique Equilibrium in a Model of Self-fulfilling Currency Attacks," CEPR Discussion Papers 1687, C.E.P.R. Discussion Papers.
- Sbracia, Massimo & Zaghini, Andrea, 2001.
"Expectations and information in second generation currency crises models,"
Economic Modelling, Elsevier, vol. 18(2), pages 203-222, April.
- Sbracia, M. & Zaghini, A., 2000. "Expectations and Information in Second Generation Currency Crises Models," Papers 391, Banca Italia - Servizio di Studi.
- Massimo Sbracia & Andrea Zaghini, 2000. "Expectations and Information in Second Generation Currency Crises Models," Econometric Society World Congress 2000 Contributed Papers 0462, Econometric Society.
- Massimo Sbracia & Andrea Zaghini, 2000. "Expectations and information in second generation currency crises models," Temi di discussione (Economic working papers) 391, Bank of Italy, Economic Research and International Relations Area.
- Stephen D. Morris & Hyun Song Shin, 1995. "Informational events that trigger currency attacks," Working Papers 95-24, Federal Reserve Bank of Philadelphia.
- repec:bla:scandj:v:98:y:1996:i:4:p:503-20 is not listed on IDEAS
- Frank Heinemann, 2000. "Unique Equilibrium in a Model of Self-Fulfilling Currency Attacks: Comment," American Economic Review, American Economic Association, vol. 90(1), pages 316-318, March.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Louise Allsopp, 2003. "Speculative behaviour, debt default and contagion: A stylised framework of the Latin American Crisis 2001-2002," Reserve Bank of New Zealand Discussion Paper Series DP2003/10, Reserve Bank of New Zealand.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Chanelle Duley & Prasanna Gai, 2020. "When the penny doesn't drop - Macroeconomic tail risk and currency crises," National Institute of Economic and Social Research (NIESR) Discussion Papers 520, National Institute of Economic and Social Research.
- Antonio Cabrales & Rosemarie Nagel & Roc Armenter, 2007.
"Equilibrium selection through incomplete information in coordination games: an experimental study,"
Experimental Economics, Springer;Economic Science Association, vol. 10(3), pages 221-234, September.
- Rosemarie Nagel & Antonio Cabrales & Roc Armenter, 2002. "Equilibrium selection through incomplete information in coordination games: An experimental study," Economics Working Papers 601, Department of Economics and Business, Universitat Pompeu Fabra.
- Bannier, Christina E., 2003. "Privacy or Publicity - Who Drives the Wheel?," CFS Working Paper Series 2003/29, Center for Financial Studies (CFS).
- Camille Cornand, 2006.
"Speculative Attacks and Informational Structure: an Experimental Study,"
Review of International Economics, Wiley Blackwell, vol. 14(5), pages 797-817, November.
- Camille Cornand, 2004. "Speculative Attack and Informational Structure: An Experimental Study," Working Papers 0407, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
- Camille Cornand, 2008. "Speculative Attacks and Informational Structure: an Experimental Study," Post-Print hal-00279185, HAL.
- Camille Cornand, 2006. "Speculative Attack and Informational Structure: an Experimental Study," Post-Print halshs-00360088, HAL.
- Camille Cornand, 2004. "Speculative Attack and Informational Structure: An Experimental Study," Post-Print halshs-00180118, HAL.
- Heinemann, Frank & Illing, Gerhard, 2002.
"Speculative attacks: unique equilibrium and transparency,"
Journal of International Economics, Elsevier, vol. 58(2), pages 429-450, December.
- Heinemann, Frank & Illing, Gerhard, 2002. "Speculative attacks: Unique equilibrium and transparency," Munich Reprints in Economics 19430, University of Munich, Department of Economics.
- Meixing Dai, 2009.
"Public debt and currency crisis: how central bank opacity can make things bad?,"
Economics Bulletin, AccessEcon, vol. 29(1), pages 190-198.
- Dai, Meixing, 2008. "Public debt and currency crisis: how central bank opacity can make things bad?," MPRA Paper 13867, University Library of Munich, Germany.
- Maurício Yoshinori Une & Marcelo Savino Portugal, 2005. "Fear of disruption: a model of Markov-switching regimes for the Brazilian country risk conditional volatility," Econometrics 0509005, University Library of Munich, Germany.
- Besancenot, Damien & Vranceanu, Radu, 2014.
"Experimental evidence on the ‘insidious’ illiquidity risk,"
Research in Economics, Elsevier, vol. 68(4), pages 315-323.
- Vranceanu, Radu & Besancenot, Damien, 2011. "Experimental Evidence on the ‘Insidious’ Illiquidity Risk," ESSEC Working Papers WP1107, ESSEC Research Center, ESSEC Business School.
- Damien Besancenot & Radu Vranceanu, 2011. "Experimental Evidence on the 'Insidious' Illiquidity Risk," Working Papers hal-00607867, HAL.
- Damien Besancenot & Radu Vranceanu, 2011. "Experimental evidence on the "insidious" illiquidity risk," Working Papers halshs-00602107, HAL.
- Zvika Neeman & Gerhard O. Orosel, 2001. "Credits, Crises, and Capital Controls: A Microeconomic Analysis," Vienna Economics Papers vie0103, University of Vienna, Department of Economics.
- Alessandro Prati & Massimo Sbracia, 2002.
"Currency crises and uncertainty about fundamentals,"
Temi di discussione (Economic working papers)
446, Bank of Italy, Economic Research and International Relations Area.
- Mr. M. Sbracia & Mr. Alessandro Prati, 2002. "Currency Crises and Uncertainty About Fundamentals," IMF Working Papers 2002/003, International Monetary Fund.
- Jean-Pierre Allegret & Camille Cornand, 2006.
"The pros and cons of higher transparency: the case of speculative attacks,"
Recherches économiques de Louvain, De Boeck Université, vol. 72(3), pages 215-246.
- Jean-Pierre Allegret & Camille Cornand, 2005. "The Pros and Cons of Higher Transparency: The Case of Speculative Attacks," Post-Print halshs-00180086, HAL.
- Jean-Pierre Allegret & Camille Cornand, 2005. "The Pros and Cons of Higher Transparency: The Case of Speculative Attacks," Working Papers 0502, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
- Jean-Pierre Allegret & Camille Cornand, 2005. "The Pros and Cons of Higher Transparency : The Case of Speculative Attacks," Post-Print hal-00279027, HAL.
- Jean-Pierre Allegret & Camille Cornand, 2006. "The Pros and Cons of Higher Transparency: The Case of Speculative Attacks," Post-Print halshs-00137469, HAL.
- Jean-Pierre ALLEGRET & Camille CORNAND, 2006. "The pros and cons of higher transparency : the case of speculative attacks," Discussion Papers (REL - Recherches Economiques de Louvain) 2006031, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- Erler, Alexander & Bauer, Christian & Herz, Bernhard, 2015. "To intervene, or not to intervene: Monetary policy and the costs of currency crises," Journal of International Money and Finance, Elsevier, vol. 51(C), pages 432-456.
- Steiner, Jakub, 2008.
"Coordination cycles,"
Games and Economic Behavior, Elsevier, vol. 63(1), pages 308-327, May.
- Jakub Steiner, 2005. "Coordination Cycles," CERGE-EI Working Papers wp274, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
- Jakub Steiner, 2006. "Coordination Cycles," Edinburgh School of Economics Discussion Paper Series 162, Edinburgh School of Economics, University of Edinburgh.
- Todd Keister, 2009.
"Expectations And Contagion In Self-Fulfilling Currency Attacks,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 50(3), pages 991-1012, August.
- Tood Keister, 2005. "Expectations and Contagion in Self-Fulfilling Currency Attacks," Working Papers 0501, Centro de Investigacion Economica, ITAM.
- Todd Keister, 2006. "Expectations and Contagion in Self-fulfilling Currency Attacks," 2006 Meeting Papers 485, Society for Economic Dynamics.
- Todd Keister, 2006. "Expectations and contagion in self-fulfilling currency attacks," Staff Reports 249, Federal Reserve Bank of New York.
- Ing-Haw Cheng & Alice Hsiaw, 2022.
"Reporting Sexual Misconduct in the #MeToo Era,"
American Economic Journal: Microeconomics, American Economic Association, vol. 14(4), pages 761-803, November.
- Ing-Haw Cheng & Alice Hsiaw, 2020. "Reporting Sexual Misconduct in the #MeToo Era," Working Papers 129, Brandeis University, Department of Economics and International Business School.
- Ing-Haw Cheng & Alice Hsiaw, 2020. "Reporting Sexual Misconduct in the #MeToo Era," Working Papers 129R, Brandeis University, Department of Economics and International Business School, revised Aug 2020.
- Tai-kuang Ho & Ming-yen Wu, 2012. "Third-person Effect and Financial Contagion in the Context of a Global Game," Open Economies Review, Springer, vol. 23(5), pages 823-846, November.
- Angeletos, G.-M. & Lian, C., 2016. "Incomplete Information in Macroeconomics," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 1065-1240, Elsevier.
- Damien Besancenot & Radu Vranceanu, 2011. "Experimental evidence on the "insidious" illiquidity risk," CEPN Working Papers halshs-00602107, HAL.
- Jeanne, Olivier, 1999. "Currency Crises: A Perspective on Recent Theoretical Developments," CEPR Discussion Papers 2170, C.E.P.R. Discussion Papers.
- Piersanti, Giovanni, 2012. "The Macroeconomic Theory of Exchange Rate Crises," OUP Catalogue, Oxford University Press, number 9780199653126.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jmacro:v:24:y:2002:i:1:p:67-79. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/622617 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.