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The possibility of contagion in currency crises across countries is highly topical, to say the least. Though the phenomenon is widely discussed, and is supported by solid empirical evidence1, construc...
The Timing of Currency Crises: The Case of the ERM
ERM crises REH boundedly rational learning VAR models
2010/9/7
The ERM crisis of 1992 in the UK appears to have been preceded by a period of steadily worsening growth and unemployment which, due to the constraint of ERM membership, monetary policy changes could n...
The Timing of Currency Crises: The Case of the ERM
ERM crises REH boundedly rational learning VAR models
2010/9/7
The ERM crisis of 1992 in the UK appears to have been preceded by a period of steadily worsening growth and unemployment which, due to the constraint of ERM membership, monetary policy changes could n...