Emerging Markets Crisis : An Asset Markets Perspective /

The entire difference between a mild downturn and a devastating crisis is the occurrence of sharp fire sales of domestic assets and possibly foreign exchange and the ensuing collapse in the balance sheets of both the financial and nonfinancial sector. Why and how do such crises materialize? And why...

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Detalhes bibliográficos
Autor principal: Krishnamurthy, Arvind
Outros Autores: Caballero, Ricardo
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 1999.
Colecção:IMF Working Papers; Working Paper ; No. 1999/129
Acesso em linha:Full text available on IMF