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022 _a13504851
040 _aMSU
_cMSU
_erda
_bEnglish
050 0 0 _aHB1.A666 APP
100 1 _aRulke Jan - Christoph
_eauthor
245 1 0 _aCurrency crises, uncertain fundamentals and private-sector forecasts
_ccreated by Jan-Christoph Rülke and Christian Pierdzioch
264 1 _aNew York:
_bTaylor & Francis,
_c2013
336 _2rdacontent
_atext
_btxt
337 _2rdamedia
_aunmediated
_bn
338 _2rdacarrier
_avolume
_bnc
440 _aApplied economics letters
_vVolume 20, number 5
520 3 _aThe cross-sectional dispersion of private-sector forecasts has been used in recent research on currency crises as a measure of uncertainty over expected fundamentals. We argue that the cross-sectional dispersion of private-sector forecasts need not only reflect uncertainty over expected fundamentals but may also arise due to a deliberate scattering of forecasts. Using data on foreign exchange (FX) reserve forecasts for 11 South-American and Eastern-European countries, we report evidence of such a forecast scattering that seems more pronounced during the economic crisis of 2008/09.
650 _aCurrency crises
_vUncertainty
_xPrivate sector forecasts
700 1 _aPierdzioch Christian
_eauthor
856 _uhttps://doi.org/10.1080/13504851.2012.716149
942 _2lcc
_cJA
999 _c162955
_d162955