Currency Crises and the Real Economy : The Role of Banks /

This paper shows that the quality of banks within each country is one of the important factors that can account for the fact that developing economies tend to suffer more severe output contractions in the wake of a currency crisis than more mature economies. In particular, countries with a banking s...

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Bibliographic Details
Main Author: Disyatat, Piti
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2001.
Series:IMF Working Papers; Working Paper ; No. 2001/049
Online Access:Full text available on IMF