Defending Against Speculative Attacks: Reputation, Learning, and Coordination
نویسندگان
چکیده
منابع مشابه
Defending Against Speculative Attacks: Reputation, Learning, and Coordination
How does the central bank’s incentive to build a reputation affect speculators’ ability to coordinate and the likelihood of the devaluation outcome during speculative currency crises? What role does market information play in speculators’ coordination and the central bank’s reputation building? I address these questions in a dynamic regime change game that highlights the interaction between the...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2011
ISSN: 1556-5068
DOI: 10.2139/ssrn.1960673