The mexican peso crisis : overview and analysis of credibility factors /
This paper examines credibility and reputational factors in explaining the December 1994 crisis of the Mexican peso. After reviewing events leading to the crisis, a model emphasizing the inflation-competitiveness trade-off is presented to explain the formation of devaluation expectations. Estimat...
Main Author: | Masson, Paul R., 1946- |
---|---|
Other Authors: | Agénor, Pierre-Richard, 1957- |
Format: | Book |
Language: | English |
Published: |
Washington, D.C. :
International Monetary Fund,
1996
|
Series: | IMF working paper ;
96/6 |
Subjects: |
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