Item description for Information Dissemination in Currency Crises (Lecture Notes in Economics and Mathematical Systems) by Christina Metz...
As the complexity of financial markets keeps growing, so does the need to understand the decision-making and the coordination of the exsuing actions in the marketplace. In particular, the disclosure of information to market participants and its impact on the market outcome mertis attention. This study analyses the role of private and public information in currency crises. Calls for increased dissemination of economic and policy-related information by central banks notwithstanding, the study shows that transparency is not generally conductive to preventing speculative attacks in fixed exchange-rate regimes. Rather, the role of private and public information in the market-place depencs critically on the prevailing market sentiment. The study also highlights the import of market transparency design in an environment that allows for herding and market leadership of individual speculators.
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Est. Packaging Dimensions: Length: 9.13" Width: 6.06" Height: 0.63" Weight: 0.84 lbs.
Release Date Jul 29, 2003
ISBN 3540006567 ISBN13 9783540006565
Availability 139 units. Availability accurate as of Jan 21, 2017 08:58.
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