In his seminal 1960 study on the dynamics of alternative exchange rate regimes, Robert Mundell proposed a theory of balance-of-payments crises in which speculators base their actions on the observed holdings of central bank foreign reserves. We examine the quantitative implications of this view...

"Excellent set of studies by different authors on the origins, evolution, and prospects for the Group of Three, conformed by Colombia, Mexico, and Venezuela in 1989. Enlightening analysis of the factors that facilitate or obstruct cooperation among these countries and of the gradual...