PL EN


2005 | 52 | 11 | 811-824
Article title

Central-bank announcements and macroeconomic stability

Authors
Title variants
Languages of publication
HU
Abstracts
EN
Announcements by the central bank do not simply provide market participants with information. They also coordinate market expectations. So even announcements that seem to provide very little new information can elicit strong market reactions. Market participants uncertain about what information others have will also be uncertain whether other market participants know what they know. In a review of recent literature on global games, the paper shows how central-bank announcements may trigger or prevent speculative attacks.
Year
Volume
52
Issue
11
Pages
811-824
Physical description
Document type
ARTICLE
Contributors
author
  • A. Valentinyi, no address given, contact the journal editor
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
07HUAAAA02956031
YADDA identifier
bwmeta1.element.cb81aa32-97ab-3335-9184-edd14303c10e
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.