Economic Sanctions, Speculative Attacks and Currency Crisis
نویسندگان
چکیده
منابع مشابه
The Effects of Economic Sanctions and Speculative Attacks on Inflation
This paper surveys the persian monetary crises due to economic sanctions and speculative attacks that leads to high inflation. Economic sanctions are associated with various forms of trade barriers and restriction on financial transactions. Among the most influential sanctions on Iran's oil export and central bank sanctions are noted that their Aims to reduce Iran's oil revenues and Devaluation...
متن کاملthe effects of economic sanctions and speculative attacks on inflation
this paper surveys the persian monetary crises due to economic sanctions and speculative attacks that leads to high inflation. economic sanctions are associated with various forms of trade barriers and restriction on financial transactions. among the most influential sanctions on iran's oil export and central bank sanctions are noted that their aims to reduce iran's oil revenues and devaluation...
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Why are asset prices so much more volatile and so often detached from their fundamental values? Why does the bursting of nancial bubbles depress the real economy? This paper addresses these questions by constructing an in nite-horizon heterogeneous agent general equilibrium model with speculative bubbles. We characterize conditions under which storable goods, regardless of their intrinsic valu...
متن کامل1 Currency Crisis Models
There have been many currency crises during the postwar era (see Kaminsky and Reinhart, 1999). A currency crisis is an episode in which the exchange rate depreciates substantially during a short period of time. There is an extensive literature on the causes and consequences of a currency crisis in a country with a fixed or heavily managed exchange rate. The models in this literature are often c...
متن کاملDynamic Speculative Attacks
The paper presents a model of rational Bayesian agents with speculative attacks in a regime of exchange rate which is pegged within a band. Speculators learn from the observation of the exchange rate within the band whether their mass is sufficiently large for a successful attack. Multiple periods are necessary for the existence of speculative attacks. Various defense policies are analyzed. A t...
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ژورنال
عنوان ژورنال: Asian Economic and Financial Review
سال: 2015
ISSN: 2305-2147,2222-6737
DOI: 10.18488/journal.aefr/2015.5.2/102.2.340.355