Series: IMF Working Papers
Author(s): Ceyla Pazarbasioglu , and Inci Ötker
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 1994
Keywords: exchange rate, probability, foreign exchange, equation, fixed exchange rate
This paper estimates a speculative attack model of currency crises in an attempt to identify the roles of macroeconomic fundamentals and speculative market pressures in the recent crisis, as well as earlier devalua...