Series: IMF Working Papers
Author(s): M. Sbracia , and Alessandro Prati
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2002
Keywords: Speculative attack, exchange rate crisis, public and private information, exchange rate, exchange rate pressures, probability, equation, predictions, Asymmetric and Private Information,
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...