Do High Interest Rates Defend Currencies during Speculative Attacks?

Do High Interest Rates Defend Currencies during Speculative Attacks? / Kraay, Aart

January 2000 - No - there is no systematic association between interest rates and the outcome of speculative attacks. Drawing on evidence from a large sample of speculative attacks in industrial and developing countries, Kraay argues that high interest rates do not defend currencies against speculat...

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Bibliographic Details
Main Authors:Kraay, Aart
Format: Online-Resource
Language:English
Published:Washington, D.C : The World Bank, 2000
Subjects:
Balance Of Payments
Central Bank
Currencies and Exchange Rates
Debt Markets
Economic Stabilization
Economic Theory and Research
Emerging Markets
Finance and Financial Sector Development
Financial Literacy
Fixed Exchange Rate
Fixed Exchange Rates
Fixed Nominal Exchange Rates
Foreign Exchange
Growth Rates
Interest Rate Differentials
Interest Rates
International Capital Flows
International Monetary Fund
Macroeconomic Management
Macroeconomics and Economic Growth
Monetary Authorities
Monetary Authority
Monetary Economics
Monetary Policy
Monetary Shocks
Nominal Exchange Rate
Private Sector Development
Real Exchange Rate
Real Interest Rates
Tight Monetary Policy
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