The Corporate Sector Dynamics of Systemic Financial Crises /

This paper puts together a set of stylized facts of the corporate sector dynamics of systemic financial crises based on recent crisis episodes with a view to identifying the key issues and their policy implications. The evidence suggests that corporate crisis dynamics arc triggered by a cutoff of ca...

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書目詳細資料
主要作者: Stone, Mark
格式: 雜誌
語言:English
出版: Washington, D.C. : International Monetary Fund, 2000.
叢編:IMF Working Papers; Working Paper ; No. 2000/114
在線閱讀:Full text available on IMF
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245 1 4 |a The Corporate Sector Dynamics of Systemic Financial Crises /  |c Mark Stone. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2000. 
300 |a 1 online resource (43 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 This paper puts together a set of stylized facts of the corporate sector dynamics of systemic financial crises based on recent crisis episodes with a view to identifying the key issues and their policy implications. The evidence suggests that corporate crisis dynamics arc triggered by a cutoff of capital inflows and are amplified into an historically severe recession by exchange rate depreciation, high interest rates, and current account adjustment. The adverse consequences of these dynamics can be forestalled and assuaged by policies that improve monitoring of the corporate sector and boost nonbank sources of corporate financing. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2000/114 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2000/114/001.2000.issue-114-en.xml  |z IMF e-Library