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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Autores principales: | Kraay, Aart
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Formato: | Online-Resource
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Lenguaje: | English |
Publicado: | Washington, D.C : The World Bank, 2000
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Materias: |
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Acceso en línea: | URL des Erstveröffentlichers
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