TY  - BOOK
AU  - Fourcans, Andre
AU  - Franck, Raphel
TI  - Currency crisis: a theoretical and empirical perspective
SN  - 9781843764335
U1  - 332 
PY  - 2003///
CY  - Cheltenham
PB  - Edward Elgar
KW  - Financial crises--Mathematical models
N1  - First-Generation Models of Currency Crises --
Main Assumptions of First-generation Models --
The growth in domestic credit --
The outbreak of speculative attacks --
Aspects of the Policymaker's Behaviour --
Defences against speculative attacks --
The choice of an exchange rate regime after speculative attacks --
Speculative attacks in a stochastic framework --
Extensions of First-generation Models --
Fiscal sources of speculative attacks --
Real effects of currency crises --
Influence of the banking sector --
Coordination of speculative attacks and contagion --
Second-Generation Models of Currency Crises --
Self-fulfilling Expectations and the Outbreak of Currency Crises --
Self-fulfilling speculative attacks --
Escape clause models --
Self-fulfilling Expectations and Currency Crisis Contagion --
Main assumptions of pure contagion models --
Pure contagion of currency crises --
The Relevance of Second-generation Models --
Regulatory implications of second-generation models --
Empirical assessments of currency crises --
Theoretical and empirical problems with multiple equilibria --
Third-Generation Models of Currency Crises --
Economic Policy Tradeoffs and the Outbreak of Currency Crises --
The policymaker's optimal commitment to exchange rate stability --
Exchange-rate based stabilisation plans and currency crises --
Optimal monetary policy and the interest rate defence of the fixed exchange rate system --
The policymaker's reputation --
Deteriorated Fundamentals and Currency Crisis Contagion --
Models of 'common shocks'
ER  -