Information Dissemination in Currency Crises

As the complexity of financial markets keeps growing, so does the need to understand the decision—making and the coordination of the exsuing actions in the marketplace. In particular, the disclosure of information to market participants and its impact on the market outcome mertis attention. This study analyses the role of private and public information in currency crises. Calls for increased dissemination of economic and policy—related information by central banks notwithstanding, the study...