Do High Interest Rates Defend Currencies during Speculative Attacks?

January 2000 - No - there is no systematic association between interest rates and the outcome of speculative attacks. Drawing on evidence from a large sample of speculative attacks in industrial and developing countries, Kraay argues that high interest rates do not defend currencies against speculat...

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Bibliographische Detailangaben
1. Verfasser:	Kraay, Aart (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C The World Bank 2000
Schlagworte:	Balance Of Payments Central Bank Currencies and Exchange Rates Debt Markets Economic Stabilization Economic Theory and Research Emerging Markets Finance and Financial Sector Development Financial Literacy Fixed Exchange Rate Fixed Exchange Rates Fixed Nominal Exchange Rates Foreign Exchange Growth Rates Interest Rate Differentials Interest Rates International Capital Flows International Monetary Fund Macroeconomic Management Macroeconomics and Economic Growth Monetary Authorities Monetary Authority Monetary Economics Monetary Policy Monetary Shocks Nominal Exchange Rate Private Sector Development Real Exchange Rate Real Interest Rates Tight Monetary Policy
Online-Zugang:	BSB01 EUV01 HTW01 FHI01 IOS01 URL des Erstveröffentlichers
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Do High Interest Rates Defend Currencies during Speculative Attacks?

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