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The Macroeconomic Theory of Exchange Rate Crises - Oxford Scholarship Online
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The Macroeconomic Theory of Exchange Rate Crises

Giovanni Piersanti


This book deals with the genesis and dynamics of exchange rate crises in fixed or managed exchange rate systems. It provides a comprehensive treatment of the existing theories of exchange rate crises and of financial market runs. The book aims to provide a survey of both the theoretical literature on international financial crises and a systematic treatment of the analytical models. It analyzes a series of macroeconomic models and demonstrates their properties and conclusions, including comparative statics and dynamic behavior. The models cover the range of phenomena exhibited in modern crises ... More

Keywords: exchange rate regimes, speculative attacks, currency crises, bank runs and financial collapse, contagion across markets and countries, equilibrium selection, dynamics of exchange rates and of financial crashes

Bibliographic Information

Print publication date: 2012 Print ISBN-13: 9780199653126
Published to Oxford Scholarship Online: September 2012 DOI:10.1093/acprof:oso/9780199653126.001.0001


Affiliations are at time of print publication.

Giovanni Piersanti, author
Professor of Economics, University of Teramo and University of Rome 'Tor Vergata'

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