G2TT
来源类型Discussion paper
规范类型论文
来源IDDP1090
DP1090 Fixes: Of the Forward Discount Puzzle
Robert P Flood; Andrew Rose
发表日期1994-12-31
出版年1994
语种英语
摘要During the European exchange market turmoil in 1992-3 it was evident that speculative attacks tended to spread across currencies. Using a two-country version of the model developed by Flood and Garber (1984) we show how a speculative attack against one currency may accelerate the `warranted' collapse of a second parity. More important, even if the parity of the second currency is viable in the absence of a collapse of the first one, it might be subjected to a speculative attack if the reserves available to defend the parity are `small'.
主题International Macroeconomics
关键词Exchange rate contagion Speculative attacks
URLhttps://cepr.org/publications/dp1090
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/530230
推荐引用方式
GB/T 7714
Robert P Flood,Andrew Rose. DP1090 Fixes: Of the Forward Discount Puzzle. 1994.
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