Angeletos, George-Marios; Hellwig, Christian; Pavan, … - In: Journal of Political Economy 114 (2006) 3, pp. 452-484
This paper introduces signaling in a global game so as to examine the informational role of policy in coordination environments such as currency crises and bank runs. While exogenous asymmetric information has been shown to select a unique equilibrium, we show that the endogenous information...