Dai, Meixing - Bureau d'Économie Théorique et Appliquée (BETA), … - 2009
Much attention has been paid to models of currency crisis with self-fulfilling features and the concept of multiple … equilibria developed in the 1990s. They aim at explaining currency crisis without apparent fundamental disequilibrium. They are … also useful to render account for currency crisis unpredictability. This paper re-examines an illustrative model of …