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SPECULATIVE CURRENCY ATTACKS AND BALANCE OF PAYMENTS CRISES
Author(s) -
Blackburn Keith,
Sola Martin
Publication year - 1993
Publication title -
journal of economic surveys
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.657
H-Index - 92
eISSN - 1467-6419
pISSN - 0950-0804
DOI - 10.1111/j.1467-6419.1993.tb00162.x
Subject(s) - economics , balance of payments , currency , intuition , exchange rate , macroeconomics , payment , keynesian economics , psychology , finance , cognitive science
Abstract. This paper reviews the recent theoretical literature on collapsing exchange rate regimes. Using a combination of technique, intuition and realworld observation, we discuss the literature's main insights, point out some unresolved questions and offer suggestions for future research. The survey should be of interest to both specialists and non‐specialists in the field of international macroeconomics.