| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w2625 |
| 来源ID | Working Paper 2625 |
| Self-fulfillment Expectations, Speculation Attacks, and Capitol Controls | |
| Harris Dellas; Alan C. Stockman | |
| 发表日期 | 1988-06-01 |
| 出版年 | 1988 |
| 语种 | 英语 |
| 摘要 | This paper examines the endogenous implementation of capital controls in the context of a fixed exchange rate regime. It is shown that if there exists a non-zero probability that the policymaker's response to a speculative attack on official foreign reserves will be the introduction of controls, such an attack may occur even when current and expected monetary policy is consistent with a permanently viable, control-free fixed exchange rate regime. Consequently, capital controls may be the outcome of self- fulfilling expectations rather than the result of imprudent economic policies. |
| 主题 | International Economics |
| URL | https://www.nber.org/papers/w2625 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/559876 |
| 推荐引用方式 GB/T 7714 | Harris Dellas,Alan C. Stockman. Self-fulfillment Expectations, Speculation Attacks, and Capitol Controls. 1988. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w2625.pdf（97KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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。
