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|c 5.00 USD
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|z 9781498389044
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Bakker, Bas.
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|a Conventional and Insidious Macroeconomic Balance-Sheet Crises /
|c Bas Bakker, Leslie Lipschitz.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2014.
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|a 1 online resource (40 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 describes the anatomy of two types of balance-sheet macroeconomic crises. Conventional balance-sheet crises are triggered by external imbalances and balance sheet vulnerabilities. They typically occur after capital inflows have led to a substantial build up of foreign currency exposure. Insidious crises are triggered by internal imbalances and balance sheet vulnerabilities. They occur in high-growth economies when an initially equilibrating shift in relative prices and resources and credit in favor of the nontraded sector overshoots equilibrium. The paper argues that policymakers are now better able to forestall conventional crises, but they are much less capable of early detection and avoidance of insidious crises.
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| 538 |
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|a Mode of access: Internet
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|a Lipschitz, Leslie.
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|a IMF Working Papers; Working Paper ;
|v No. 2014/160
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2014/160/001.2014.issue-160-en.xml
|z IMF e-Library
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