The Collapse of Exchange Rate Regimes formatIsbn:Softcover - 9781461378877 Zusätzlich geht die Arbeit auf

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The Collapse of Exchange Rate Regimes formatIsbn:Softcover - 9781461378877 Zusätzlich geht die Arbeit aufical) and to self fulfilling currency crisis, respectively. Research stressing the former approach was pioneered by Krugman (1979) and Flood and Garber (1984). According to this line of research, the failure of governments to adopt domestic monetary and fiscal policies consistent with their stated exchange rate targets leads to a gradual diminution of reserves and eventually a stock adjustment that depletes reserves suddenly in one attack (Sachs,