Fiscal Vulnerability and Financial Crises in Emerging Market Economies /

Fiscal problems have long been considered a central feature of financial--that is, currency, debt, and banking--crises. This paper addresses four questions: What are the fiscal causes of crises? Which fiscal vulnerability indicators help to predict crises? Can fiscal variables explain the severity o...

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Yazar: Hemming, Richard
Diğer Yazarlar: Kell, Michael, Schimmelpfennig, Axel
Materyal Türü: Dergi
Dil:English
Baskı/Yayın Bilgisi: Washington, D.C. : International Monetary Fund, 2003.
Seri Bilgileri:Occasional Papers; Occasional Paper ; No. 2003/002
Online Erişim:Full text available on IMF
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245 1 0 |a Fiscal Vulnerability and Financial Crises in Emerging Market Economies /  |c Richard Hemming, Axel Schimmelpfennig, Michael Kell. 
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300 |a 1 online resource (131 pages) 
490 1 |a Occasional 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 Fiscal problems have long been considered a central feature of financial--that is, currency, debt, and banking--crises. This paper addresses four questions: What are the fiscal causes of crises? Which fiscal vulnerability indicators help to predict crises? Can fiscal variables explain the severity of crises? And what are the fiscal consequences of crises? Its findings are based on statistical analysis of a large data set of fiscal variables for 29 emerging market economies over 1970-2000 and detailed case studies of 11 emerging market crises during the 1990s that focus on structural and institutional dimensions of fiscal vulnerability. 
538 |a Mode of access: Internet 
700 1 |a Kell, Michael. 
700 1 |a Schimmelpfennig, Axel. 
830 0 |a Occasional Papers; Occasional Paper ;  |v No. 2003/002 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/books/084/02552-9781589061965-en/02552-9781589061965-en-book.xml  |z IMF e-Library