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Contagious speculative attacks

S Gerlach and Frank Smets (UGent)
(1995) EUROPEAN JOURNAL OF POLITICAL ECONOMY. 11(1). p.45-63
Author
Organization
Abstract
During the European exchange market turmoil in 1992–1993 it was evident that speculative attacks tended to spread across currencies. Using a two-country version of the model developed by Flood and Garber (1984) we show how a speculative attack against one currency may accelerate the ‘warranted’ collapse of a second parity. More importantly, even if the parity of the second currency is viable in the absence of a collapse of the first one, it might be subjected to a speculative attack if the reserves available to defend the parity are ‘small’.

Citation

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MLA
Gerlach, S., and Frank Smets. “Contagious Speculative Attacks.” EUROPEAN JOURNAL OF POLITICAL ECONOMY, vol. 11, no. 1, Elsevier, 1995, pp. 45–63.
APA
Gerlach, S., & Smets, F. (1995). Contagious speculative attacks. EUROPEAN JOURNAL OF POLITICAL ECONOMY, 11(1), 45–63.
Chicago author-date
Gerlach, S, and Frank Smets. 1995. “Contagious Speculative Attacks.” EUROPEAN JOURNAL OF POLITICAL ECONOMY 11 (1): 45–63.
Chicago author-date (all authors)
Gerlach, S, and Frank Smets. 1995. “Contagious Speculative Attacks.” EUROPEAN JOURNAL OF POLITICAL ECONOMY 11 (1): 45–63.
Vancouver
1.
Gerlach S, Smets F. Contagious speculative attacks. EUROPEAN JOURNAL OF POLITICAL ECONOMY. 1995;11(1):45–63.
IEEE
[1]
S. Gerlach and F. Smets, “Contagious speculative attacks,” EUROPEAN JOURNAL OF POLITICAL ECONOMY, vol. 11, no. 1, pp. 45–63, 1995.
@article{4425580,
  abstract     = {{During the European exchange market turmoil in 1992–1993 it was evident that speculative attacks tended to spread across currencies. Using a two-country version of the model developed by Flood and Garber (1984) we show how a speculative attack against one currency may accelerate the ‘warranted’ collapse of a second parity. More importantly, even if the parity of the second currency is viable in the absence of a collapse of the first one, it might be subjected to a speculative attack if the reserves available to defend the parity are ‘small’.}},
  author       = {{Gerlach, S and Smets, Frank}},
  issn         = {{0176-2680}},
  journal      = {{EUROPEAN JOURNAL OF POLITICAL ECONOMY}},
  language     = {{eng}},
  number       = {{1}},
  pages        = {{45--63}},
  publisher    = {{Elsevier}},
  title        = {{Contagious speculative attacks}},
  volume       = {{11}},
  year         = {{1995}},
}