Inflation Aversion and Exit Probabilities in the Monetary Unions
Author
Abstract
Suggested Citation
DOI: 10.1007/s11294-018-9664-1
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Bas Van Aarle & Giovanni Di Bartolomeo & Jacob Engwerda & Joseph Plasmans, 2002.
"Staying Together or Breaking Apart: Policy-makers’ Endogenous Coalitions Formation in the European Economic and Monetary Union,"
CESifo Working Paper Series
748, CESifo.
- VAN AARLE, Bas & DI BARTOLOMEO, Giovanni & ENGWERDA, Jacob & PLASMANS, Joseph, 2002. "Staying together or breaking apart: Policy-makers' endogenous coalitions formation in the European economic and monetary Union," Working Papers 2002013, University of Antwerp, Faculty of Business and Economics.
- Giovanni Di Bartolomeo & Jacob Engwerda & Joseph Plasmans & Bas van Aarle, 2003. "Staying Together or Breaking Apart: Policy-Makers’ Endogenous Coalitions Formation in the European Economic and Monetary Union," Macroeconomics 0301002, University Library of Munich, Germany.
- Obstfeld, Maurice, 1986.
"Rational and Self-fulfilling Balance-of-Payments Crises,"
American Economic Review, American Economic Association, vol. 76(1), pages 72-81, March.
- Maurice Obstfeld, 1984. "Rational and Self-Fulfilling Balance-of-Payments Crises," NBER Working Papers 1486, National Bureau of Economic Research, Inc.
- Obstfeld, Maurice, 1997.
"Destabilizing effects of exchange-rate escape clauses,"
Journal of International Economics, Elsevier, vol. 43(1-2), pages 61-77, August.
- Obstfeld, Maurice, 1991. "Destabilizing Effects of Exchange-Rate Escape Clauses," CEPR Discussion Papers 518, C.E.P.R. Discussion Papers.
- Maurice Obstfeld., 1996. "Destabilizing Effects of Exchange-Rate Escape Clauses," Center for International and Development Economics Research (CIDER) Working Papers C96-075, University of California at Berkeley.
- Obstfeld, Maurice, 1996. "Destabilizing Effects of Exchange-Rate Escape Clauses," Department of Economics, Working Paper Series qt15n3p5dt, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Maurice Obstfeld, 1991. "Destabilizing Effects of Exchange-Rate Escape Clauses," NBER Working Papers 3603, National Bureau of Economic Research, Inc.
- Obstfeld, Maurice, 1996. "Destabilizing Effects of Exchange-Rate Escape Clauses," Center for International and Development Economics Research (CIDER) Working Papers 233439, University of California-Berkeley, Department of Economics.
- De Grauwe, Paul & Ji, Yuemei, 2013.
"Self-fulfilling crises in the Eurozone: An empirical test,"
Journal of International Money and Finance, Elsevier, vol. 34(C), pages 15-36.
- De Grauwe, Paul & Ji, Yuemei, 2012. "Self-Fulfilling Crises in the Eurozone: An Empirical Test," CEPS Papers 7085, Centre for European Policy Studies.
- Paul De Grauwe & Yuemei Ji, 2012. "Self-Fulfilling Crises in the Eurozone. An Empirical Test," CESifo Working Paper Series 3821, CESifo.
- Paul De Grauwe & Yuemei Ji, 2012. "Self-Fulfilling Crises in the Eurozone. An Empirical Test," CAMA Working Papers 2012-37, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- de Grauwe, Paul & Ji, Yuemei, 2013. "Self-fulfilling crises in the Eurozone: an empirical test," LSE Research Online Documents on Economics 49648, London School of Economics and Political Science, LSE Library.
- Jeanne, Olivier, 1997. "Are currency crises self-fulfilling?: A test," Journal of International Economics, Elsevier, vol. 43(3-4), pages 263-286, November.
- Paolo Canofari & Giovanni Di Bartolomeo & Giovanni Piersanti, 2015.
"Strategic Interactions and Contagion Effects under Monetary Unions,"
The World Economy, Wiley Blackwell, vol. 38(10), pages 1618-1629, October.
- Canofari Paolo & Di Bartolomeo Giovanni & Piersanti Giovanni, 2012. "Strategic interactions and contagion effects under monetary unions," wp.comunite 0093, Department of Communication, University of Teramo.
- Canofari Paolo & Di Bartolomeo Giovanni & Piersanti Giovanni, 2014. "Strategic interactions and contagion effects under monetary unions," wp.comunite 0110, Department of Communication, University of Teramo.
- Maurice Obstfeld, 1994. "The Logic of Currency Crises," NBER Working Papers 4640, National Bureau of Economic Research, Inc.
- Krause, Stefan & Méndez, Fabio, 2008. "Institutions, arrangements and preferences for inflation stability: Evidence and lessons from a panel data analysis," Journal of Macroeconomics, Elsevier, vol. 30(1), pages 282-307, March.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Canofari, Paolo & Messori, Marcello, 2018. "Is the survival of the euro area at risk? An economic analysis of exit and contagion possibilities," Economic Modelling, Elsevier, vol. 69(C), pages 58-66.
- Canofari, Paolo & Messori, Marcello, 2016. "Exit Risks and Contagion in the Euro Area," LEAP Working Papers 2015/11, Luiss Institute for European Analysis and Policy.
- Paolo Canofari & Giovanni Bartolomeo & Giovanni Piersanti, 2014.
"Theory and Practice of Contagion in Monetary Unions: Domino Effects in EMU Mediterranean Countries,"
International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 20(3), pages 259-267, August.
- Canofari Paolo & Di Bartolomeo Giovanni & Piersanti Giovanni, 2014. "Theory and practice of contagion in monetary unions: Domino effects in EMU Mediterranean countries," wp.comunite 0109, Department of Communication, University of Teramo.
- Paolo Canofari & Alessandra Marcelletti & Marcello Messori, 2020. "Redenomination Risk and Bank Runs in a Monetary Union with and Without Deposit Insurance Schemes," Open Economies Review, Springer, vol. 31(2), pages 237-256, April.
- Rajan, Ramkishen S. & Sugema, Iman, 2000. "Government bailouts and monetary disequilibrium: common fundamentals in the Mexican and East Asian currency crises," The North American Journal of Economics and Finance, Elsevier, vol. 11(2), pages 123-135, December.
- Paniagua, Jordi & Sapena, Juan & Tamarit, Cecilio, 2017. "Sovereign debt spreads in EMU: The time-varying role of fundamentals and market distrust," Journal of Financial Stability, Elsevier, vol. 33(C), pages 187-206.
- Canofari, Paolo & Di Bartolomeo, Giovanni, 2017.
"Regime switches under policy uncertainty in monetary unions,"
European Journal of Political Economy, Elsevier, vol. 47(C), pages 124-132.
- Canofari Paolo & Di Bartolomeo Giovanni, 2016. "Regime switches under policy uncertainty in monetary unions," wp.comunite 00126, Department of Communication, University of Teramo.
- Ari, Ali, 2012. "Early warning systems for currency crises: The Turkish case," Economic Systems, Elsevier, vol. 36(3), pages 391-410.
- Flood, Robert P. & Marion, Nancy P., 2000. "Self-fulfilling risk predictions:: an application to speculative attacks," Journal of International Economics, Elsevier, vol. 50(1), pages 245-268, February.
- Paolo Canofari & Alessandra Marcelletti & Giovanni Piersanti, 2018. "The Announcement of Unconventional Monetary Policy and the Exit Risk in the European Monetary Union," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 10(4), pages 95-100, April.
- Komulainen, Tuomas, 2001. "Currency crises in emerging markets : Capital flows and herding behaviour," BOFIT Discussion Papers 10/2001, Bank of Finland, Institute for Economies in Transition.
- Paolo Canofari & Giovanni Di Bartolomeo & Giovanni Piersanti, 2015.
"Strategic Interactions and Contagion Effects under Monetary Unions,"
The World Economy, Wiley Blackwell, vol. 38(10), pages 1618-1629, October.
- Canofari Paolo & Di Bartolomeo Giovanni & Piersanti Giovanni, 2012. "Strategic interactions and contagion effects under monetary unions," wp.comunite 0093, Department of Communication, University of Teramo.
- Canofari Paolo & Di Bartolomeo Giovanni & Piersanti Giovanni, 2014. "Strategic interactions and contagion effects under monetary unions," wp.comunite 0110, Department of Communication, University of Teramo.
- Brana, Sophie & Chenaf-Nicet, Dalila, 2001. "Indicateurs avancés de crise de change : un examen critique," L'Actualité Economique, Société Canadienne de Science Economique, vol. 77(4), pages 569-592, décembre.
- Bensaid, Bernard & Jeanne, Olivier, 1997.
"The instability of fixed exchange rate systems when raising the nominal interest rate is costly,"
European Economic Review, Elsevier, vol. 41(8), pages 1461-1478, August.
- Bensaid, B.B. & Jeanne, O., 1995. "The Instability of Fixed Exchange Rate Systems when Raising the Nominal Interest Rate is Costly," Papers 9536, Tilburg - Center for Economic Research.
- Femminis, Gianluca, 2007.
"Currency Attacks With Multiple Equilibria And Imperfect Information: The Role Of Wage-Setters,"
Macroeconomic Dynamics, Cambridge University Press, vol. 11(1), pages 79-112, February.
- Femminis, Gianluca, 2002. "Currency Attacks with Multiple Equilibria and Imperfect Information: The Role of Wage-setters," CEPR Discussion Papers 3291, C.E.P.R. Discussion Papers.
- Sachs, Jeffrey & Tornell, Aaron & Velasco, Andres, 1996.
"The Mexican peso crisis: Sudden death or death foretold?,"
Journal of International Economics, Elsevier, vol. 41(3-4), pages 265-283, November.
- Jeffrey Sachs & Aaron Tornell & Andres Velasco, 1996. "The Mexican Peso Crisis: Sudden Death or Death Foretold?," Harvard Institute of Economic Research Working Papers 1760, Harvard - Institute of Economic Research.
- Sachs, J. & Tornell, A. & Velasco, A., 1996. "The Mexican Peso Crisis: Sudden Death or Death Foretold?," Working Papers 96-20, C.V. Starr Center for Applied Economics, New York University.
- Jeffrey Sachs & Aaron Tornell & Andres Velasco, 1996. "The Mexican Peso Crisis: Sudden Death or Death Foretold?," NBER Working Papers 5563, National Bureau of Economic Research, Inc.
- Pablo Bustelo & Clara Garcia & Iliana Olivie, 1999. "Global and Domestic Factors of Financial Crises in Emerging Economies: Lessons from the East Asian Episodes (1997-1999)," Working Papers 002, Universidad Complutense de Madrid, Instituto Complutense de Estudios Internacionales.
- Buiter, Willem H. & Corsetti, Giancarlo & Pesenti, Paolo, 1995.
"A Centre-Periphery Model of Monetary Coordination and Exchange Rate Crises,"
CEPR Discussion Papers
1201, C.E.P.R. Discussion Papers.
- Willem H. Buiter & Giancarlo Corsetti & Paolo A. Pesenti, 1995. "A Center-Periphery Model of Monetary Coordination and Exchange Rate Crises," NBER Working Papers 5140, National Bureau of Economic Research, Inc.
- W.H. Buiter & G Corsetti & P Pesenti, 1995. "A Center-Periphery Model of Monetary Coordination and Exchange Rate Crises," CEP Discussion Papers dp0246, Centre for Economic Performance, LSE.
- Ari, Ali & Dagtekin, Rustem, 2007. "Early Warning Signals of the 2000/2001 Turkish Financial Crisis," MPRA Paper 25857, University Library of Munich, Germany.
- Muhd-Zulkhibri Abdul Majid, 2004. "Sources Of Asian Currency Crisis," International Finance 0405020, University Library of Munich, Germany.
More about this item
Keywords
Monetary unions; Contagion; Nash equilibria; Inflation aversion;All these keywords.
JEL classification:
- F30 - International Economics - - International Finance - - - General
- F31 - International Economics - - International Finance - - - Foreign Exchange
- F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
- G01 - Financial Economics - - General - - - Financial Crises
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:iaecre:v:24:y:2018:i:1:d:10.1007_s11294-018-9664-1. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.