Currency appreciation and currency attack - Imperfect common knowledge
This paper analyzed a model of currency attack, in which the domestic currency is pegged below its value and the real value of the currency increases gradually. The speculators, who know that the peg which might be abandoned in the future when foreign reserves reach a certain threshold can attack...
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| Main Author: | |
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| Format: | Article |
| Language: | English |
| Published: |
VNU
2014
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| Subjects: | |
| Online Access: | http://repository.vnu.edu.vn/handle/11126/4665 |
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| Institution: | Vietnam National University, Hanoi |
| Language: | English |