De Jong, E., Verschoor, W.FC and Zwinkels, R.CJ (2009). A heterogeneous route to the European monetary system crisis Applied Economics Letters, 16(9):929--932.
-
Affiliated authors
-
Publication year2009
-
JournalApplied Economics Letters
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.