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...

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Detalles Bibliográficos
Autor principal: Catao, Luis
Otros Autores: Milesi-Ferretti, Gian
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 2013.
Colección:IMF Working Papers; Working Paper ; No. 2013/113
Acceso en línea:Full text available on IMF