Arbeitspapier
On nash equilibria in speculative attack models
Since a fixed exchange rate regime is a fixed price system, there is no theoretical reason to presume that the foreign exchange market clears, particularly during a speculative attack. This paper shows that equilibria where we allow for the possibility of such corner solutions are a superset of the previously examined "market-clearing" equilibria. The timing of the balance-of-payments crisis is no longer predictable in the same sense - multiple equilibria exist even in the very simplest speculative attack model.
- Sprache
-
Englisch
- Erschienen in
-
Series: UCD Centre for Economic Research Working Paper Series ; No. WP16/13
- Klassifikation
-
Wirtschaft
Foreign Exchange
Central Banks and Their Policies
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Pastine, Ivan
- Ereignis
-
Veröffentlichung
- (wer)
-
University College Dublin, UCD School of Economics
- (wo)
-
Dublin
- (wann)
-
2016
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Pastine, Ivan
- University College Dublin, UCD School of Economics
Entstanden
- 2016
Ähnliche Objekte (12)
Using genetic algorithm in dynamic model of speculative attack
From Nash to Dependency Equilibria
Nash equilibria of informational extensions
Viable Nash Equilibria: An Experiment
Nash equilibria in discrete routing games
An elliptic algorithm for Nash-equilibria
Full-truthful implementation in Nash equilibria
Fixed point theorems via Nash Equilibria
Commitments, Intentions, Truth and Nash Equilibria
Nash equilibria of COVID-19 vaccination
Stability and perfection of nash equilibria
Nash equilibria in discrete routing games
Using genetic algorithm in dynamic model of speculative attack
From Nash to Dependency Equilibria
Nash equilibria of informational extensions
Viable Nash Equilibria: An Experiment
Nash equilibria in discrete routing games
An elliptic algorithm for Nash-equilibria
Full-truthful implementation in Nash equilibria
Fixed point theorems via Nash Equilibria
Commitments, Intentions, Truth and Nash Equilibria
Nash equilibria of COVID-19 vaccination
Stability and perfection of nash equilibria
Nash equilibria in discrete routing games
Using genetic algorithm in dynamic model of speculative attack
From Nash to Dependency Equilibria
Nash equilibria of informational extensions
Viable Nash Equilibria: An Experiment
Nash equilibria in discrete routing games
An elliptic algorithm for Nash-equilibria
Full-truthful implementation in Nash equilibria
Fixed point theorems via Nash Equilibria
Commitments, Intentions, Truth and Nash Equilibria
Nash equilibria of COVID-19 vaccination
Stability and perfection of nash equilibria