Review Speculative Attacks in the Asian Crisis
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Speculative Attacks in the Asian Crisis
By:Mr. Zhiwei Zhang
Published on 2001-11-01 by International Monetary Fund

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.
This Book was ranked at 38 by Google Books for keyword Currency crisis.
Book ID of Speculative Attacks in the Asian Crisis's Books is rEUrB8cqIwMC, Book which was written byMr. Zhiwei Zhanghave ETAG "R0map2z37zw"
Book which was published by International Monetary Fund since 2001-11-01 have ISBNs, ISBN 13 Code is 9781451904970 and ISBN 10 Code is 1451904975
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Book which have "20 Pages" is Printed at BOOK under CategoryBusiness and Economics
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