Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
962359 | Journal of International Economics | 2011 | 11 Pages |
Abstract
⺠We add the threat of an interest rate defence to a speculative attack model. ⺠The threat of a defence makes speculation riskier. ⺠Actions of speculators may become substitutes instead of complements. ⺠It keeps speculators out when fundamentals are still relatively strong.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Tijmen R. Daniëls, Henk Jager, Franc Klaassen,