Are currency crises self-fulfilling? the case of Argentina

This paper analyzes the 2002 Argentine crisis using the Jeanne and Masson (2000) model with sunspots. Testing this model empirically through a Markov-switching model suggests that self-sulfilling prophecies is a reasonable explanation for the devaluation of the peso.

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Year of publication:	2002-10
Authors:	Boinet, Virginie ; Napolitano, Oreste ; Spagnolo, Nicola
Institutions:	Economics and Finance Section, School of Social Sciences, Brunel University

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Extent:	application/pdf
Series:	Economics and Finance Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	7 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005403865