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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Главный автор: Disyatat, Piti
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2001.
Серии:IMF Working Papers; Working Paper ; No. 2001/049
Online-ссылка:Full text available on IMF
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245 1 0 |a Currency Crises and the Real Economy :   |b The Role of Banks /  |c Piti Disyatat. 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a 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 sector whose balance sheets are healthy, in terms of having high net worth and low foreign currency exposure, are much less likely to suffer a contraction in the wake of an unexpected depreciation. 
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830 0 |a IMF Working Papers; Working Paper ;  |v No. 2001/049 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2001/049/001.2001.issue-049-en.xml  |z IMF e-Library