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http://bura.brunel.ac.uk/handle/2438/927| Title: | Are currency crises self-fulfilling? The case of Argentina |
| Authors: | Boinet, V Napolitano, O Spagnolo, N |
| Keywords: | Currency crises, multiple equilibria, Markov-switching. |
| Issue 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. |
| URI: | http://bura.brunel.ac.uk/handle/2438/927 |
| Appears in Collections: | Economics and Finance Dept of Economics and Finance Research Papers |
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