Titlebook: Currency Speculation in Fixed Exchange Rate Regimes; Theory and Empirical Anja Zenker Book 2014 Springer Fachmedien Wiesbaden 2014 Balance-

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Theories of Currency Speculation in Fixed Exchange Rate Regimes,will discuss the S.-H. model (1978), the first K. model (1979), and the F.-G. model (1984) as FGMs. When dealing with SGMs, we refer to the O. model from 1994 and 1996 respectively. Finally, we examine the C.-P.-R. model (1999) as an example of the category of TGMs.

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Currency Speculation in Fixed Exchange Rate RegimesTheory and Empirical

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https://doi.org/10.1007/978-3-658-04829-7Balance-of-Payments Crises; Currency Speculation; Fixed Exchange Rates

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978-3-658-04828-0Springer Fachmedien Wiesbaden 2014

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https://doi.org/10.1007/978-1-4684-8340-6other countries. Since the exchange rate represents the price of one currency in terms of another (Krugman/Obstfeld, 2006, p. 306), the choice of the regime has important implications for the conduct of international trade and investment. In order to provide a good environment for economic activity

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https://doi.org/10.1007/978-1-4684-8340-6the broad range of exchange rate regimes lying between and beyond these two extreme cases. By classifying exchange rate regimes according to their degree of fixity in their currency peg (Stocker, 2001, p. 54), three main categories can be distinguished, as shown in . the use of a foreign currency as

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Wundt and the Two Traditions of Psychologygime has ever truly been fixed. (Mark, 2001, p. 256) Against the background of different currency crises, economists have developed diverse approaches to explain the causes and the timing of currency crises in fixed exchange rate systems. In general, we can distinguish three generations of models th

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