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|z 9781451868210
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|a 1018-5941
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|a Hofman, David.
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|a The Duration of Capital Account Crises-An Empirical Analysis /
|c David Hofman, Ruben Atoyan, Dimitri Tzanninis, Mauro Mecagni.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2007.
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|a 1 online resource (42 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper examines the duration of capital account crises. We develop a new index to identify both the start and the end of these crises. Applying the index to a sample of 18 crisis episodes, we derive stylized facts on crisis duration and review the economic and financial circumstances that prevailed at the dusk of crises, a relatively unexplored area. We use the econometric technique of duration analysis to gauge the relative importance of various factors affecting the probability of exiting a crisis. We find that initial and external conditions are key determinants. But fiscal and monetary policies can also help shorten crisis duration.
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|a Mode of access: Internet
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|a Atoyan, Ruben.
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|a Mecagni, Mauro.
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|a Tzanninis, Dimitri.
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|a IMF Working Papers; Working Paper ;
|v No. 2007/258
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2007/258/001.2007.issue-258-en.xml
|z IMF e-Library
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