...Louise Allsopp The currency crisis literature now comprises three main schools of thought; first‐generation models consider the depletion of foreign exchange reserves as a consequence of incompatible exchange rate and monetary policies. Second‐generation models are based on speculative theories...

...Augustine C. Arize Applies new tests for parameter instability in cointegrated models to evaluate the traditional export demand function. The determinants of exports considered are world real income, export price and competitors’ export price. The data for Singapore (a newly industrializing economy...