Ötker, Inci; PazarbaÅŸioÄlu, Ceyla - In: Open Economies Review 7 (1996) 1, pp. 535-552
By using data from the Mexican economy, this paper estimates a speculative attack model of currency crises in order to identify the role of macroeconomic fundamentals and early warning signals of a potential currency crisis. A deterioration in fundamentals appears to generate high one-step-ahead...