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- W1489738863 abstract "This paper examines the endogenous implementation of capital controls in the context of a fixed exchange rate regime. It is shown that if there exists a nonzero probability that the policymaker's response to a significant decrease in official foreign reserves will be the introduction of controls, a speculative attack may occur even when current and expected monetary policy is consistent with a permanently viable, control-free, fixed exchange rate regime. Consequently, capital controls may be the outcome of self-fulfilling expectations rather than the result of imprudent economic policies. Copyright 1993 by Ohio State University Press.(This abstract was borrowed from another version of this item.)" @default.
- W1489738863 created "2016-06-24" @default.
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- W1489738863 date "1988-01-01" @default.
- W1489738863 modified "2023-09-27" @default.
- W1489738863 title "SELF-FULLFILLING EXPECTATIONS, SPECULATIVE ATTACKS AND CAPITAL CONTROLS" @default.
- W1489738863 hasPublicationYear "1988" @default.
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