Browsing School of Technology by Subject "real interest rate"

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  • Depreciation bias, financial-sector fragility and currency risk 

    Tambakis, Demosthenes N (CFAP, Cambridge Judge Business School, University of Cambridge, 2002)
    Do expected future exchange rate fluctuations affect current social welfare? In the third-generation approach to currency crises, financial fragility can trigger devaluation and default. Expected future depreciation is ...