|
|
|
|
| LEADER |
01824cas a2200253 a 4500 |
| 001 |
AALejournalIMF000712 |
| 008 |
230101c9999 xx r poo 0 0eng d |
| 020 |
|
|
|c 5.00 USD
|
| 020 |
|
|
|z 9781451935998
|
| 022 |
|
|
|a 1018-5941
|
| 040 |
|
|
|a BD-DhAAL
|c BD-DhAAL
|
| 100 |
1 |
|
|a Chen, Zhaohui.
|
| 245 |
1 |
0 |
|a Financial Crisis and Credit Crunch as a Result of Inefficient Financial Intermediation-with Reference to the Asian Financial Crisis /
|c Zhaohui Chen, Jorge Chan-Lau.
|
| 264 |
|
1 |
|a Washington, D.C. :
|b International Monetary Fund,
|c 1998.
|
| 300 |
|
|
|a 1 online resource (24 pages)
|
| 490 |
1 |
|
|a IMF Working Papers
|
| 500 |
|
|
|a <strong>Off-Campus Access:</strong> No User ID or Password Required
|
| 500 |
|
|
|a <strong>On-Campus Access:</strong> No User ID or Password Required
|
| 506 |
|
|
|a Electronic access restricted to authorized BRAC University faculty, staff and students
|
| 520 |
3 |
|
|a This paper develops a model of private debt financing under inefficient financial intermediation. It suggests a mechanism that can generate the following sequence of events observed in the recent Asian crisis: A period of relatively low capital flow despite a steady improvement in economic fundamentals (capital inflow inertia), followed by a fast buildup of capital inflow, and ended with a large capital outflow and domestic credit crunch. Unlike other models requiring large movements in fundamentals or asset prices to explain a financial crisis, this model can exhibit large credit/capital flow swings with moderate changes in the economic and market environment.
|
| 538 |
|
|
|a Mode of access: Internet
|
| 700 |
1 |
|
|a Chan-Lau, Jorge.
|
| 830 |
|
0 |
|a IMF Working Papers; Working Paper ;
|v No. 1998/127
|
| 856 |
4 |
0 |
|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1998/127/001.1998.issue-127-en.xml
|z IMF e-Library
|