Speculative Attacks with Multiple Sources of Public Information
نویسندگان
چکیده
منابع مشابه
Speculative Attacks and Financial Architecture: Experimental Analysis of Coordination Games with Public and Private Information
Speculative Attacks are a coordination game with multiple equilibria: If a sufficient number of traders expect devaluation, market pressure forces the central bank to abandon a currency peg that it would have kept otherwise. Thus, expectations are self-fulfilling. Applying the global games approach, Morris and Shin (1998) have shown that there is a unique equilibrium in threshold strategies, if...
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ژورنال
عنوان ژورنال: Scandinavian Journal of Economics
سال: 2009
ISSN: 0347-0520,1467-9442
DOI: 10.1111/j.1467-9442.2008.01555.x