Accounting for Crises

Article, Part of book or chapter of book English OPEN
Kuipers, Sanneke; t Hart, Paul;
  • Publisher: American Economic Association
  • Journal: volume 6,issue 3 July,pages184-213
  • Related identifiers: doi: 10.1257/mac.6.3.184
  • Subject: game theory | forecasting and prediction | financial crisis | accounting | mathematical methods | corporate disclosure | financial markets
    • jel: jel:G01 | jel:G21 | jel:E44 | jel:D82 | jel:G14 | jel:M40 | jel:L25

We provide among the first empirical evidence consistent with recent macro global-game crisis models, which show that the precision of public signals can coordinate crises (e.g., Angeletos and Werning, 2006; Morris and Shin, 2002, 2003). In these models, self-fulfilling... View more
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