Gateway to Think Tanks
来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP1090 |
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 |
URL | https://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. |
条目包含的文件 | 条目无相关文件。 |
个性服务 |
推荐该条目 |
保存到收藏夹 |
导出为Endnote文件 |
谷歌学术 |
谷歌学术中相似的文章 |
[Robert P Flood]的文章 |
[Andrew Rose]的文章 |
百度学术 |
百度学术中相似的文章 |
[Robert P Flood]的文章 |
[Andrew Rose]的文章 |
必应学术 |
必应学术中相似的文章 |
[Robert P Flood]的文章 |
[Andrew Rose]的文章 |
相关权益政策 |
暂无数据 |
收藏/分享 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。