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Title: Are currency crises self-fulfilling? The case of Argentina
Authors: Boinet, V
Napolitano, O
Spagnolo, N
Keywords: Currency crises, multiple equilibria, Markov-switching.
Publication Date: 2002
Publisher: Brunel University
Citation: Economics and Finance Working papers, Brunel University. 02-26
Abstract: This paper analyzes the 2002 Argentine crisis using the Jeanne and Masson (2000) model with sunspots. Testing this model empirically through a Markov-switching model suggests that self-sulfilling prophecies is a reasonable explanation for the devaluation of the peso.
Appears in Collections:Economics and Finance
Dept of Economics and Finance Research Papers

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