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Der vorliegende Aufsatz untersucht die Ursachen von Finanzmarktkrisen anhand entsprechender Vorkommnisse in Thailand …This present paper studies the reasons for financial market crises on the background of recent examples of Thailand … crises. We have calculated the indicators for the cases of Thailand, Mexico and the Czech Republic. …
Persistent link: https://www.econbiz.de/10001405729
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Der vorliegende Aufsatz untersucht die Ursachen von Finanzmarktkrisen anhand entsprechender Vorkommnisse in Thailand …This present paper studies the reasons for financial market crises on the background of recent examples of Thailand … crises. We have calculated the indicators for the cases of Thailand, Mexico and the Czech Republic. …
Persistent link: https://www.econbiz.de/10010508265
This paper shows that the eurozone payment system does not effectively protect member states from speculative attacks. Suspicion of a departure from the common currency induces a terminal outflow of central bank money in weaker member states. TARGET2 cannot inhibit this drain but only protects...
Persistent link: https://www.econbiz.de/10011931367
While virtually all modern models of exchange rate crises recognise that the decision to abandon an exchange rate peg depends on how harshly policy makers are willing to defend the regime, they virtually never model how the exchange rate is defended. In this paper we incorporate both the...
Persistent link: https://www.econbiz.de/10011377093
Evolution of speculative attack models show certain progress in developing idea of the role of expectations in the crisis mechanism. Obstfeld (1996) defined expectations as fully exogenous. Morris and Shin (1998) endogenised the expectations with respect to noise leaving information significance...
Persistent link: https://www.econbiz.de/10012016846
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