Currency boards and currency Crises.

This paper demonstrates how a currency board can become vulnerable to a crisis in which the policymaker is forced to devalue. The model is built from two blocks: first, incomplete information about the devaluation cost faced by the policymaker; and second, unemployment persistence. Incomplete inform...

Πλήρης περιγραφή

Λεπτομέρειες βιβλιογραφικής εγγραφής
Κύριος συγγραφέας: Irwin, G
Μορφή: Working paper
Γλώσσα:English
Έκδοση: Department of Economics (University of Oxford) 2001