A study on the mechanism of speculative attack and the defence strategy of the central bank.
We first analyze the concrete mechanism of speculative attack on the foreign exchange market which became very prevalent phenomena during the foreign exchange crisis. When the central bank of the domestic country tries to defend the attack by increasing the interest rate, some problems can arise in...
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| Format: | Article |
| Language: | English |
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Korea Institute for International Economic Policy
1999-09-01
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| Series: | East Asian Economic Review |
| Subjects: | |
| Online Access: | http://dx.doi.org/10.11644/KIEP.JEAI.1999.3.3.47 |