Balance of Payments Anti-Crises /

Several emerging economies have, until recently, experienced large government surpluses and accelerating foreign exchange reserve accumulation. This has been accompanied by economic booms, exchange rate appreciations and in some cases increases in domestic inflation. We show that one way to understa...

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Bibliographic Details
Main Author: Yan, Isabel
Other Authors: Kumhof, Michael
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2009.
Series:IMF Working Papers; Working Paper ; No. 2009/134
Online Access:Full text available on IMF