Abstract
Once again speculative attacks have created disasters. The Asian crisis follows on the tracks of Mexico, the European Monetary System, and previous crises in Latin America. Once again, an initial shock has been followed by widespread contagion. Once again, observers have been surprised while commentators have blasted authorities and investors alike for irresponsible behavior. And once again the official reaction has been vigorously criticized.
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Wyplosz, C. (1999). Speculative Attacks and Capital Mobility. In: Central Banking, Monetary Policies, and the Implications for Transition Economies. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-5193-5_10
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DOI: https://doi.org/10.1007/978-1-4615-5193-5_10
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