Eichengreen, Barry; Rose, Andrew; Wyplosz, Charles - In: Scandinavian Journal of Economics 98 (1996) 4, pp. 463-84
The authors address the fact that the incidence of speculative attacks tends to be temporally correlated; that is, currency crises appear to pass 'contagiously' from one country to another. The paper provides a survey of the theoretical literature. The authors also provide empirical evidence...