Rational Speculative Bubbles in Iran Informal Exchange Rate and Currency Crisis: Time-varying probabilities Markov regime switching approach

The purpose of this paper is identifying speculative rational bubbles and applying early warning indices to illustrate these bubbles in USD/IRR informal exchange rate during volatile period of March 2011 to September 2018. The deviation of the exchange rate from fundamental values which is known as...

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Bibliographic Details
Main Authors: Ali Tayebnia, Mohsen Mehrara, Azadeh Akhtari
Format: Artigo
Language:Persa
Published: Allameh Tabataba'i University Press 2019-11-01
Series:Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī
Subjects:
speculative rational bubble markov regime-switching informal exchange rate variable transition probabilities
Online Access:http://joer.atu.ac.ir/article_11248_1d8cc778a7ba0188ad0e727f7b075b66.pdf
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