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An overview of the causes and consequences of speculative attacks on domestic currency and international financial turmoil. It provides a comprehensive treatment of the existing theories of exchange rate crises and of financial market runs.
Prior to joining the University of Teramo Giovanni Piersanti was Associate Professor of Economics at the University of Chieti. His research interests include economic theory and stabilization policy; monetary economics; growth theory; macroeconomic models of intertemporal optimization; macroeconometric models with rational expectations; and currency and financial crises.