Read Speculative Attacks in the Asian Crisis

Speculative Attacks in the Asian Crisis

Zhiwei Zhang

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Description:This paper takes the Asian crisis as an example to show that the Autoregressive Conditional Hazard (ACH) model is a powerful tool for studying the time series features of speculative attacks. The ACH model proposes a duration variable to capture the changes in the frequency of attacks, which might be an important factor influencing investors' expectations. The empirical results show that the ACH model explains the crisis far better than the Probit model. The duration variable is highly significant while most fundamentals are not. The contagion effect is tested and accepted under the ACH specification.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Speculative Attacks in the Asian Crisis. To get started finding Speculative Attacks in the Asian Crisis, you are right to find our website which has a comprehensive collection of manuals listed.
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Pages: 44

Format: PDF, EPUB & Kindle Edition

Publisher: International Monetary Fund

Release: 2001

ISBN: 1282106236

Description: This paper takes the Asian crisis as an example to show that the Autoregressive Conditional Hazard (ACH) model is a powerful tool for studying the time series features of speculative attacks. The ACH model proposes a duration variable to capture the changes in the frequency of attacks, which might be an important factor influencing investors' expectations. The empirical results show that the ACH model explains the crisis far better than the Probit model. The duration variable is highly significant while most fundamentals are not. The contagion effect is tested and accepted under the ACH specification.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Speculative Attacks in the Asian Crisis. To get started finding Speculative Attacks in the Asian Crisis, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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Speculative Attacks in the Asian Crisis

Speculative Attacks in the Asian Crisis

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