A heterogeneous route to the European monetary system crisis

Eelke De Jong, W. F C Verschoor*, R. C J Zwinkels

*Corresponding author for this work

Research output: Contribution to JournalArticleAcademicpeer-review

Abstract

We estimate a dynamic heterogeneous agents model for the British pound during the European monetary system crisis. We illustrate the chain of events leading to the suspension of the pound from the exchange rate mechanism in terms of switching beliefs, from fundamentalist to chartist.

Original languageEnglish
Pages (from-to)929-932
Number of pages4
JournalApplied Economics Letters
Volume16
Issue number9
DOIs
Publication statusPublished - 2009

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