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Exchange rate crisis : empirical and theoretical results (anglais)

This paper surveys the literature on exchange rate crises, examining empirical regularities observed around the time of the crises and reviewing recent approaches to modelling exchange rate crises. It discusses analogous work done in other areas of economic theory, focusing on use of a modified version of Hotelling model of depletable resources to examine speculative attacks which drain a commodity stock in the presence of a government which attempts...
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