Economic costs of alternative monetary policy responses to speculative currency attacks
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DOI: 10.1016/j.jimonfin.2017.02.016
Abstract: Abstract The outcome of a speculative attack on the foreign exchange rate can be classified into three cases: (i) immediate depreciation of the nominal exchange rate, (ii) successful defense, or (iii) failed defense. This paper… read more here.
Keywords: run; policy; defense; currency ... See more keywords