Consequences of Asset Shortages in Emerging Markets /

We assess econometrically the impact of asset shortages on economic growth, asset bubbles, the probability of a crisis, and the current account for a group of 41 Emerging markets for 1995-2008. The econometric estimations confirm that asset shortages pose a serious danger to EMs in terms of reducing...

Täydet tiedot

Bibliografiset tiedot
Päätekijä: Imam, Patrick
Muut tekijät: Chen, Jiaqian
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 2012.
Sarja:IMF Working Papers; Working Paper ; No. 2012/102
Linkit:Full text available on IMF
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245 1 0 |a Consequences of Asset Shortages in Emerging Markets /  |c Patrick Imam, Jiaqian Chen. 
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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 We assess econometrically the impact of asset shortages on economic growth, asset bubbles, the probability of a crisis, and the current account for a group of 41 Emerging markets for 1995-2008. The econometric estimations confirm that asset shortages pose a serious danger to EMs in terms of reducing economic growth, raising the probability of a crisis, and leading to asset price bubbles. Moreover, asset shortages can also explain the current account positions of EMs. The findings suggest that the consequences of asset shortages for macroeconomic stability are significant, and must be tackled urgently. We conclude with policy implications. 
538 |a Mode of access: Internet 
700 1 |a Chen, Jiaqian. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2012/102 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2012/102/001.2012.issue-102-en.xml  |z IMF e-Library