External Liabilities and Crises /

We examine the determinants of external crises, focusing on the role of foreign liabilities and their composition. Using a variety of statistical tools and comprehensive data spanning 1970-2011, we find that the ratio of net foreign liabilities (NFL) to GDP is a significant crisis predictor, and the...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Catao, Luis
Awduron Eraill: Milesi-Ferretti, Gian
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2013.
Cyfres:IMF Working Papers; Working Paper ; No. 2013/113
Mynediad Ar-lein:Full text available on IMF