Speculative Attacks and Models of Balance of Payments Crises

An introduction to probability theory and its applications

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An Introduction to Probability Theory and Its Applications.

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The Optimal Degree of Commitment to an Intermediate Monetary Target

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A Model of Balance-of-Payments Crises

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Target Zones and Exchange Rate Dynamics

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The ‘peso problem’ in testing the efficiency of forward exchange markets

1980 • 315 citations

Allocation Mechanisms and the Design of Auctions

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Recurrent Devaluation and Speculative Attacks on the Mexican Peso

1986 • 275 citations

Financial crises and balance of payments crises

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Monetary Policy and Policy Credibility Theories and Evidence

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The Vulnerability of Price Stabilization Schemes to Speculative Attack

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Balance of Payments Crises in a Cash-in-Advance Economy

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Financial policy and speculative runs with a crawling peg: Argentina 1979–1981

1989 • 136 citations

Capital controls and balance of payments crises

1986 • 135 citations

The Exact Timing of the Collapse of an Exchange Rate Regime and Its Impact on the Relative Price of Traded Goods

1984 • 102 citations

Fiscal Rigidities, Public Debt, and Capital Flight

1987 • 100 citations

Buying and selling attacks on fixed exchange rate systems

1986 • 90 citations

Market anticipations, government policy, and the price of gold

1976 • 76 citations

Exchange Rate Dynamics with Sluggish Prices under Alternative Price-Adjustment Rules

1984 • 76 citations

Speculative Attack and the External Constraint in a Maximizing Model of the Balance of Payments

1986 • 70 citations

Stochastic Process Switching: Some Simple Solutions

1991 • 66 citations

The collapse of the fixed exchange rate regime with sticky wages and imperfect substitutability between domestic and foreign bonds

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Collapsing exchange rate regimes

1987 • 49 citations

Optimal portfolio choice and the collapse of a fixed-exchange rate regime

1989 • 45 citations

Devaluation Crises and the Macroeconomic Consequences of Postponed Adjustment in Developing Countries

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Temporary capital controls in a balance-of- payments crisis

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The speculative attack on the peso and the real exchange rate: Argentina, 1979–1981

1986 • 26 citations

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Balance-of-payments crises in a perfect foresight optimizing model

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Collapsing exchange rate regimes and exchange rate dynamics: Some further examples

1988 • 15 citations

Dynamics of the exchange rate in anticipation of pegging

1989 • 13 citations

Speculative attacks on the currency with uncertain monetary policy reactions

1987 • 13 citations

A collapse of a fixed rate regime with a discrete realignment of the exchange rate

1989 • 10 citations

Collapsing Exchange Rate Regimes: Shocks and Biases

1988 • 8 citations

The "Gold Standard Paradox" and its Resolution

1989 • 7 citations

Balance of Payments Crises and the Structure of Adjustment Policies

1989 • 3 citations

Exchange Restrictions and Devaluation Crises

1990 • 1 citations

Collapsing Exchange Rate Regimes: Shocks and Biases

1988 • 1 citations