International Capital Crunches : The Time-Varying Role of Informational Asymmetries /

We examine the determinants of capital flows to four developing countries during the 1990s using an explicitly disequilibrium econometric framework in which the supply and demand for capital are not necessarily equal and the actual amount of the flow is determined by the 'short side' of th...

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Автор: Mody, Ashoka
Інші автори: Taylor, Mark
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 2002.
Серія:IMF Working Papers; Working Paper ; No. 2002/043
Онлайн доступ:Full text available on IMF
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245 1 0 |a International Capital Crunches :   |b The Time-Varying Role of Informational Asymmetries /  |c Ashoka Mody, Mark Taylor. 
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300 |a 1 online resource (26 pages) 
490 1 |a IMF Working Papers 
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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 We examine the determinants of capital flows to four developing countries during the 1990s using an explicitly disequilibrium econometric framework in which the supply and demand for capital are not necessarily equal and the actual amount of the flow is determined by the 'short side' of the market. We are thus able to detect instances of 'international capital crunch'-where capital flows are curtailed because of supply-side rationing-and to relate these instances to movements in the underlying fundamentals. The analysis highlights the role of asymmetric information-as distinct from the traditional concern with default risk-in conditioning capital flows. 
538 |a Mode of access: Internet 
700 1 |a Taylor, Mark. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2002/043 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2002/043/001.2002.issue-043-en.xml  |z IMF e-Library