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|z 9781451952421
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Milesi-Ferretti, Gian.
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|a Current Account Reversals and Currency Crises :
|b Empirical Regularities /
|c Gian Milesi-Ferretti, Assaf Razin.
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| 264 |
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1998.
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| 300 |
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|a 1 online resource (44 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper studies large reductions in current account deficits and exchange rate depreciations in low- and middle-income countries. It examines which factors help predict the occurrence of a reversal or a currency crisis, and how these events affect macroeconomic performance. Both domestic factors, such as the low reserves, and external factors, such as unfavorable terms of trade, are found to trigger reversals and currency crises. The two types of events are, however, distinct; an exchange rate crash is associated with a fall in output growth and a recovery thereafter, while for reversals there is no systematic evidence of a growth slowdown.
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|a Mode of access: Internet
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|a Razin, Assaf.
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|a IMF Working Papers; Working Paper ;
|v No. 1998/089
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1998/089/001.1998.issue-089-en.xml
|z IMF e-Library
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