FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W2112455231> ?p ?o ?g. }

• W2112455231 abstract "This paper studies defense policies in a global-game model of speculative currency attacks. Although the signaling role of policy interventions sustains multiple equilibria, a number of novel predictions emerge which are robust across all equilibria. (i) The central bank intervenes by raising domestic interest rates, or otherwise raising the cost of speculation, only when the value it assigns to defending the peg—its “type”—is intermediate. (ii) Devaluation occurs only for low types. (iii) The set of types who intervene shrinks with the precision of market information. (iv) A unique equilibrium policy survives in the limit as the noise in market information vanishes, whereas the devaluation outcome remains indeterminate. (v) The payoff of the central bank is monotonic in its type. (vi) The option to intervene can be harmful only for sufficiently strong types; and when this happens, weak types are necessarily better off. While these predictions seem reasonable, none of them would have been possible in the common-knowledge version of the model. Combined, these results illustrate the broader methodological point of the paper: global games can retain significant selection power and deliver useful predictions even when the endogeneity of information sustains multiple equilibria." @default.
• W2112455231 created "2016-06-24" @default.
• W2112455231 creator A5045847271 @default.
• W2112455231 creator A5059536160 @default.
• W2112455231 creator A5085015034 @default.
• W2112455231 date "2007-08-01" @default.
• W2112455231 modified "2023-09-27" @default.
• W2112455231 title "Defense Policies Against Currency Attacks: On the Possibility of Predictions in a Global Game with Multiple Equilibria ∗" @default.
• W2112455231 cites W1787709854 @default.
• W2112455231 cites W1976052524 @default.
• W2112455231 cites W1978843723 @default.
• W2112455231 cites W2036225175 @default.
• W2112455231 cites W2041514907 @default.
• W2112455231 cites W2068188330 @default.
• W2112455231 cites W2068422746 @default.
• W2112455231 cites W2069666581 @default.
• W2112455231 cites W2070694319 @default.
• W2112455231 cites W2086404008 @default.
• W2112455231 cites W2107031016 @default.
• W2112455231 cites W2109183455 @default.
• W2112455231 cites W2124399466 @default.
• W2112455231 cites W2128417702 @default.
• W2112455231 cites W2156625082 @default.
• W2112455231 cites W2162290848 @default.
• W2112455231 cites W2162853770 @default.
• W2112455231 cites W2164943759 @default.
• W2112455231 cites W2614148263 @default.
• W2112455231 cites W2892248859 @default.
• W2112455231 cites W3023168641 @default.
• W2112455231 cites W3121743048 @default.
• W2112455231 cites W3122282936 @default.
• W2112455231 cites W3122576247 @default.
• W2112455231 cites W3122683188 @default.
• W2112455231 cites W3123017953 @default.
• W2112455231 cites W3123686250 @default.
• W2112455231 cites W3124234036 @default.
• W2112455231 cites W3124399802 @default.
• W2112455231 cites W3124784865 @default.
• W2112455231 hasPublicationYear "2007" @default.
• W2112455231 type Work @default.
• W2112455231 sameAs 2112455231 @default.
• W2112455231 citedByCount "8" @default.
• W2112455231 countsByYear W21124552312012 @default.
• W2112455231 countsByYear W21124552312015 @default.
• W2112455231 crossrefType "posted-content" @default.
• W2112455231 hasAuthorship W2112455231A5045847271 @default.
• W2112455231 hasAuthorship W2112455231A5059536160 @default.
• W2112455231 hasAuthorship W2112455231A5085015034 @default.
• W2112455231 hasConcept C10978670 @default.
• W2112455231 hasConcept C137577040 @default.
• W2112455231 hasConcept C139719470 @default.
• W2112455231 hasConcept C141121606 @default.
• W2112455231 hasConcept C144237770 @default.
• W2112455231 hasConcept C149782125 @default.
• W2112455231 hasConcept C162324750 @default.
• W2112455231 hasConcept C175444787 @default.
• W2112455231 hasConcept C38652104 @default.
• W2112455231 hasConcept C41008148 @default.
• W2112455231 hasConcept C47941915 @default.
• W2112455231 hasConcept C556758197 @default.
• W2112455231 hasConcept C610760 @default.
• W2112455231 hasConcept C70455891 @default.
• W2112455231 hasConcept C99221444 @default.
• W2112455231 hasConceptScore W2112455231C10978670 @default.
• W2112455231 hasConceptScore W2112455231C137577040 @default.
• W2112455231 hasConceptScore W2112455231C139719470 @default.
• W2112455231 hasConceptScore W2112455231C141121606 @default.
• W2112455231 hasConceptScore W2112455231C144237770 @default.
• W2112455231 hasConceptScore W2112455231C149782125 @default.
• W2112455231 hasConceptScore W2112455231C162324750 @default.
• W2112455231 hasConceptScore W2112455231C175444787 @default.
• W2112455231 hasConceptScore W2112455231C38652104 @default.
• W2112455231 hasConceptScore W2112455231C41008148 @default.
• W2112455231 hasConceptScore W2112455231C47941915 @default.
• W2112455231 hasConceptScore W2112455231C556758197 @default.
• W2112455231 hasConceptScore W2112455231C610760 @default.
• W2112455231 hasConceptScore W2112455231C70455891 @default.
• W2112455231 hasConceptScore W2112455231C99221444 @default.
• W2112455231 hasLocation W21124552311 @default.
• W2112455231 hasOpenAccess W2112455231 @default.
• W2112455231 hasPrimaryLocation W21124552311 @default.
• W2112455231 hasRelatedWork W1513038709 @default.
• W2112455231 hasRelatedWork W1521335306 @default.
• W2112455231 hasRelatedWork W1541667294 @default.
• W2112455231 hasRelatedWork W1558285228 @default.
• W2112455231 hasRelatedWork W1570906669 @default.
• W2112455231 hasRelatedWork W162071029 @default.
• W2112455231 hasRelatedWork W2013500750 @default.
• W2112455231 hasRelatedWork W2029765120 @default.
• W2112455231 hasRelatedWork W2041514907 @default.
• W2112455231 hasRelatedWork W2086404008 @default.
• W2112455231 hasRelatedWork W2107031016 @default.
• W2112455231 hasRelatedWork W2122328918 @default.
• W2112455231 hasRelatedWork W2123885169 @default.
• W2112455231 hasRelatedWork W2283598027 @default.
• W2112455231 hasRelatedWork W3023168641 @default.
• W2112455231 hasRelatedWork W3122152548 @default.
• W2112455231 hasRelatedWork W3123686250 @default.
• W2112455231 hasRelatedWork W3124234036 @default.
• W2112455231 hasRelatedWork W3138789727 @default.

• next