The literature on speculative attacks has been given new impetus by the collapse of the European currency arrangements beginning in 1992, by the Mexican peso crisis and after-effects in 1994, and most recently by speculative attacks across Asia. One stand of this literature stresses the importance of imbalances in stocks of monetary and financial aggregates rather than traditional "flow" factors, arguing that massive, volatile capital flows have become...
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INFORMATION
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1998/06/30
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Document de travail de recherche sur les politiques
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WPS1939
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1
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1
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2010/07/01
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Disclosed
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Second thoughts on second moments : panel evidence on asset-based models of currency crises
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target zone
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