Disparate information and the probability of currency crises: empirical evidence

被引：5

作者：

Tillmann, P ^{[1
]}

机构：

[1] Univ Bonn, Inst Int Econ, D-53113 Bonn, Germany

来源：

ECONOMICS LETTERS | 2004年 / 84卷 / 01期

关键词：

currency crisis; information; Markov-switching; country funds;

D O I：

10.1016/j.econlet.2004.01.002

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper tests the impact of the distribution of information on the probability of currency crises within a Markov-switching framework. Less disparate information among domestic and foreign investors, proxied by premia on country funds, lowers the probability of a crisis. (C) 2004 Elsevier B.V. All rights reserved.

引用

页码：61 / 68

页数：8

共 9 条

[1] Fiscal policy, debt management and exchange rate credibility: Lessons from the recent Italian experience [J].