Currency crises and uncertainty about fundamentals /
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| Author / Creator: | Prati, Alessandro, 1961- |
|---|---|
| Imprint: | [Washington, D.C.] : International Monetary Fund, ©2002. |
| Description: | 1 online resource (45 pages) : illustrations |
| Language: | English |
| Series: | IMF working paper ; WP/02/3 IMF working paper ; WP/02/3. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12497125 |
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| 050 | 4 | |a HG3881.5.I58 |b W67 no.02/3 | |
| 100 | 1 | |a Prati, Alessandro, |d 1961- |0 http://id.loc.gov/authorities/names/no95015128 | |
| 245 | 1 | 0 | |a Currency crises and uncertainty about fundamentals / |c Alessandro Prati and Massimo Sbracia. |
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, |c ©2002. | ||
| 300 | |a 1 online resource (45 pages) : |b illustrations | ||
| 336 | |a text |b txt |2 rdacontent | ||
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| 490 | 1 | |a IMF working paper ; |v WP/02/3 | |
| 504 | |a Includes bibliographical references (pages 31-33). | ||
| 506 | |3 Use copy |f Restrictions unspecified |2 star |5 MiAaHDL | ||
| 533 | |a Electronic reproduction. |b [Place of publication not identified] : |c HathiTrust Digital Library, |d 2010. |5 MiAaHDL | ||
| 538 | |a Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. |u http://purl.oclc.org/DLF/benchrepro0212 |5 MiAaHDL | ||
| 583 | 1 | |a digitized |c 2010 |h HathiTrust Digital Library |l committed to preserve |2 pda |5 MiAaHDL | |
| 588 | 0 | |a Print version record. | |
| 520 | 8 | |a Annotation |b This paper studies how uncertainty about fundamentals contributed to currency crises from both a theoretical and an empirical perspective. We find evidenceCbased on a monthly dataset of Consensus forecasts for six Asian countries in the period January 1995-May 2001Cconfirming the theoretical predictions (from both unique- and multiple-equilibria models) that: (i) speculative attacks depend not only on actual and expected fundamentals but also on the variance of speculators' expectations about them; and (ii) the sign of the effect of the variance depends on whether expected fundamentals are good or bad. These results are robust to the definition of exchange rate pressure indices, the estimation sample (precrisis vs. full sample), the method chosen to avoid spurious correlations, and possible time-varying coefficients for the mean, the variance, and the threshold separating good from bad expected fundamentals. | |
| 650 | 0 | |a Financial crises |x Econometric models. | |
| 650 | 0 | |a Foreign exchange |x Econometric models. | |
| 650 | 0 | |a Uncertainty |x Econometric models. | |
| 650 | 0 | |a Disclosure of information |x Econometric models. | |
| 650 | 6 | |a Change |x Modèles économétriques. | |
| 650 | 6 | |a Incertitude |x Modèles économétriques. | |
| 650 | 6 | |a Divulgation d'informations |x Modèles économétriques. | |
| 650 | 7 | |a Financial crises |x Econometric models. |2 fast |0 (OCoLC)fst00924608 | |
| 650 | 7 | |a Foreign exchange |x Econometric models. |2 fast |0 (OCoLC)fst00931774 | |
| 650 | 7 | |a Uncertainty |x Econometric models. |2 fast |0 (OCoLC)fst01160833 | |
| 700 | 1 | |a Sbracia, M. |q (Massimo) |0 http://id.loc.gov/authorities/names/no2001027169 | |
| 710 | 2 | |a International Monetary Fund. |b Research Department. |0 http://id.loc.gov/authorities/names/n77001219 | |
| 776 | 0 | 8 | |i Print version: |a Prati, Alessandro, 1961- |t Currency crises and uncertainty about fundamentals. |d [Washington, D.C.] : International Monetary Fund, ©2002 |w (OCoLC)48915903 |
| 830 | 0 | |a IMF working paper ; |v WP/02/3. |0 http://id.loc.gov/authorities/names/no89010263 | |
| 856 | 4 | 0 | |u http://elibrary.imf.org/view/journals/001/2002/003/001.2002.issue-003-en.xml |y INTERNATIONAL MONETARY FUND |
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