Speculative attack
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Speculative attack is the massive selling of a country's currency, often because of a change in investors' perceptions, that renders a fixed-exchange rate untenable.
Definition
According to Macroeconomics by Mankiw (7th edition),
- Speculative attack. The massive selling of a country's currency, often because of a change in investors' perceptions, that renders a fixed-exchange rate untenable.
