THE ARGENTINEAN CURRENCY CRISIS: A MARKOV-SWITCHING MODEL ESTIMATION
نویسندگان
چکیده
منابع مشابه
Can a persistence of currency crisis be explained by the indicators of fundamentals?: Markov switching models for exchange market pressure
This paper investigates the contribution of fundamentals to the persistence of currency crises by identifying the determinants of high volatility in the exchange market pressure index (empi) for some new EU member states. The Markov switching model is utilised to identify the high volatility of empi, and a linear regression analysis is conducted to find the sources of the transition probability...
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ژورنال
عنوان ژورنال: The Developing Economies
سال: 2006
ISSN: 0012-1533
DOI: 10.1111/j.1746-1049.2006.00004.x