A Model of Exchange Rate Crises with Partisan Governments

This paper investigates the consequences of elections on the capacity of governments to defend a fixed parity in the presence of output shocks. It demonstrates that the political uncertainty associated with elections may significantly modify the reactions of governments in a way that may be interpreted as opposite to their ideology. It also shows that the probability that a devaluation occurs increases significantly after an election

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Year of publication:	2001
Authors:	Meon, Pierre-Guillaume
Publisher:	[S.l.] : SSRN
Subject:	Währungskrise \| Currency crisis \| Theorie \| Theory \| Wahlverhalten \| Voting behaviour \| Fester Wechselkurs \| Fixed exchange rate \| Schock \| Shock \| Bruttoinlandsprodukt \| Gross domestic product \| Wechselkurs \| Exchange rate
Description of contents:	Abstract [papers.ssrn.com]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Journal of Macroeconomics, Vol. 23, No. 3, 2001 Volltext nicht verfügbar
Classification:	D78 - Positive Analysis of Policy-Making and Implementation ; E61 - Policy Objectives; Policy Designs and Consistency; Policy Coordination ; F33 - International Monetary Arrangements and Institutions ; F41 - Open Economy Macroeconomics
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014130611