01784cas a2200265 a 4500 AALejournalIMF008584 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451852189 1018-5941 BD-DhAAL BD-DhAAL Flood, Robert. Speculative Attacks and Models of Balance of Payments Crises / Robert Flood, Jagdeep Bhandari, Pierre-Richard Agenor. Washington, D.C. : International Monetary Fund, 1991. 1 online resource (64 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper reviews recent developments in the theoretical and empirical analysis of balance-of-payments crises. A simple analytical model highlighting the process leading to such crises is first developed. The basic framework is then extended to deal with a variety of issues, such as: alternative post-collapse regimes, uncertainty, real sector effects, external borrowing and capital controls, imperfect asset substitutability, sticky prices, and endogenous policy switches. Empirical evidence on the collapse of exchange rate regimes is also examined, and the major implications of the analysis for macroeconomic policy discussed. Mode of access: Internet Agenor, Pierre-Richard. Bhandari, Jagdeep. IMF Working Papers; Working Paper ; No. 1991/099 Full text available on IMF http://elibrary.imf.org/view/journals/001/1991/099/001.1991.issue-099-en.xml IMF e-Library