Currency crises, sunspots and exchange-rate overshooting
This paper provides a macroeconomic framework for theoretical and empirical analysis of the role of sunspots and shock-dependent expectations in currency crises. The model distinguishes between macroeconomic fundamentals and shock expectations as cause of currency crises. It is assumed that good pri...
| Main Author: | Inchauspe, Julian |
|---|---|
| Format: | Journal Article |
| Published: |
World Business Institute
2009
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/20.500.11937/43889 |
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