| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1256 |
| DP1256 Will East Germany Become a New Mezzogiorno? | |
| Andrea Boltho; Pasquale Scaramozzino; Wendy Carlin | |
| 发表日期 | 1996-02-29 |
| 出版年 | 1996 |
| 语种 | 英语 |
| 摘要 | The discomfort a government suffers from speculation against its currency determines the strategic incentives of speculators and the scope for multiple currency-market equilibria. After describing an illustrative model in which high unemployment may cause an exchange rate crisis with self-fulfilling features, the paper reviews some other self-reinforcing mechanisms. Recent econometric evidence seems to support the practical importance of these mechanisms. |
| 主题 | International Macroeconomics |
| 关键词 | Balance-of-payments crisis Fixed exchange rate Multiple equilibria Speculative attack |
| URL | https://cepr.org/publications/dp1256 |
| 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/530471 |
| 推荐引用方式 GB/T 7714 | Andrea Boltho,Pasquale Scaramozzino,Wendy Carlin. DP1256 Will East Germany Become a New Mezzogiorno?. 1996. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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