Expectations and information in second generation currency crises models

122 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Contagion and causality: an empirical investigation of four Asian crisis episodes (2003, unknown): “A more recent contribution with an explicit emerging market focus is Sbracia and Zaghini (2001) who develop a second-generation currency crisis model where a sudden shift in speculator’s behavior can trigger a currency devaluation without any prior deterioration of economic fundamentals.”
A Primer on Financial Contagion (2003, unknown): “Sbracia and Zaghini (2001a) show that increased uncertainty – possibly due to a crisis in another country – can be sufficient to produce a speculative attack.”
Uncertainty and Currency Crises: Evidence from Survey Data (2010, background): “Sbracia and Zaghini (2001) and Prati and Sbracia (2010), however, consider incomplete information extensions of these models and show that they yield predictions about the space of parameters in which a speculative attack is feasible that are consistent with the predictions analyzed in this section.”