Pompeo, Della Posta; Bruno, Cheli - In: Politica economica - Journal of Economic Policy (PEJEP) (2001) 3, pp. 285-316
Models of self-fulfilling speculative attacks based upon the assumption of common knowledge of the state of the fundamentals are characterised generally by the presence of multiple equilibria. Morris and Shin (1998) however, show that a unique equilibrium is obtained when removing the assumption...