Journals Higher Education



Published: 26 April 2012

416 Pages | 45 Figures, 1 Table


ISBN: 9780199653126

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The Macroeconomic Theory of Exchange Rate Crises

Giovanni Piersanti

  • Wide range of specialized topics
  • Deals with genesis and dynamics of exchange rate crises in fixed or managed exchange rate systems
  • Sound mathematical treatment- models are derived from microeconomic principles of individual optimization.
  • Considers the dynamics of speculative attacks in international capital markets and shows how models with an intrinsic dynamic structure can be built and used to analyze currency and financial collapses