Conventional and Insidious Macroeconomic Balance-Sheet Crises /

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. I...

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Bibliographic Details
Main Author: Bakker, Bas
Other Authors: Lipschitz, Leslie
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2014.
Series:IMF Working Papers; Working Paper ; No. 2014/160
Online Access:Full text available on IMF