The Role of Corporate, Legal and Macroeconomic Balance Sheet Indicators in Crisis Detection and Prevention /

This study tests the recent balance sheet explanations of external crises in emerging market countries and the role of standards in these crises. Using several unique data sets, it finds that corporate sector balance sheets have a very significant impact on both the likelihood and depth of external...

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Glavni avtor: De la Rocha, Manuel
Drugi avtorji: Mulder, Christian, Perrelli, Roberto
Format: Revija
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2002.
Serija:IMF Working Papers; Working Paper ; No. 2002/059
Online dostop:Full text available on IMF
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100 1 |a De la Rocha, Manuel. 
245 1 4 |a The Role of Corporate, Legal and Macroeconomic Balance Sheet Indicators in Crisis Detection and Prevention /  |c Manuel De la Rocha, Roberto Perrelli, Christian Mulder. 
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 This study tests the recent balance sheet explanations of external crises in emerging market countries and the role of standards in these crises. Using several unique data sets, it finds that corporate sector balance sheets have a very significant impact on both the likelihood and depth of external crises. The indicators supplement, rather than substitute for traditional macroeconomic variables with standards playing potentially an important role. The results have implications for strategies to limit external vulnerability: they suggest that policymakers need to promote sound private sector financial structures, support sound shareholder rights, in addition to employing prudent macroeconomic policies to reduce exposure to crises. In sample predictions point to potentially large improvements in the predictive power of models that include these indicators. 
538 |a Mode of access: Internet 
700 1 |a Mulder, Christian. 
700 1 |a Perrelli, Roberto. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2002/059 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2002/059/001.2002.issue-059-en.xml  |z IMF e-Library