'Original Sin,' Balance Sheet Crises, and the Roles of International Lending /

We present a stylized framework which encompasses a variety of "balance sheet approaches" to currency crises that have been suggested in the literature, and analyze their policy implications. The common theme is that currency and maturity mismatches in private sector balance sheets constra...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Zettelmeyer, Jeromin
Weitere Verfasser: Jeanne, Olivier
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2002.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2002/234
Online Zugang:Full text available on IMF
LEADER 01792cas a2200253 a 4500
001 AALejournalIMF002250
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781451875638 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Zettelmeyer, Jeromin. 
245 1 0 |a 'Original Sin,' Balance Sheet Crises, and the Roles of International Lending /  |c Jeromin Zettelmeyer, Olivier Jeanne. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2002. 
300 |a 1 online resource (27 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 We present a stylized framework which encompasses a variety of "balance sheet approaches" to currency crises that have been suggested in the literature, and analyze their policy implications. The common theme is that currency and maturity mismatches in private sector balance sheets constrain the capacity of monetary and fiscal policies to deal with self-fulfilling capital account crises, and generate a role for international crisis lending. International lending could be used to back domestic last-resort lending to banks, or to loosen fiscal constraints. Provided they have a sound fiscal position in normal times, this can make countries immune to self-fulfilling crises. 
538 |a Mode of access: Internet 
700 1 |a Jeanne, Olivier. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2002/234 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2002/234/001.2002.issue-234-en.xml  |z IMF e-Library