Cipollini, Andrea; Mouratidis, Kostas; Spagnolo, Nicola - In: Empirical Economics 35 (2008) 1, pp. 11-27
In this paper we examine the nature of currency crises. We ascertain whether the currency crises of the European Monetary System (EMS) were based either on fundamentals, or on self-fulfilling market expectations driven by extrinsic uncertainty. In particular, we extend previous work of Jeanne...
