Speculative attacks, openness and crises
We extended the Cole and Kehoe model (1996) by adding trade and debt denominated in national currency. We then evaluated some external debt defaults and steep national currency devaluations occurred during last decades. Although default is unlikely, steep devaluation has been repeatedly triggered du...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Fundação Getúlio Vargas
2012-06-01
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| Series: | Revista Brasileira de Economia |
| Subjects: | |
| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402012000200001&lng=en&tlng=en |