Current account reversals and currency crises : empirical regularities /
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| Author / Creator: | Milesi-Ferretti, Gian Maria, author. |
|---|---|
| Imprint: | [Washington, D.C.] : International Monetary Fund, Research Dept., ©1998. |
| Description: | 1 online resource (44 pages) : illustrations |
| Language: | English |
| Series: | IMF working paper, 2227-8885 ; WP/98/89 IMF working paper ; WP/98/89. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12496947 |
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| 050 | 4 | |a HG3881.5.I58 |b W67 no.98/89 | |
| 100 | 1 | |a Milesi-Ferretti, Gian Maria, |e author. |0 http://id.loc.gov/authorities/names/no92024826 | |
| 245 | 1 | 0 | |a Current account reversals and currency crises : |b empirical regularities / |c prepared by Gian Maria Milesi-Ferretti and Assaf Razin. |
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, Research Dept., |c ©1998. | ||
| 300 | |a 1 online resource (44 pages) : |b illustrations | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF working paper, |x 2227-8885 ; |v WP/98/89 | |
| 504 | |a Includes bibliographical references (pages 41-44). | ||
| 506 | |3 Use copy |f Restrictions unspecified |2 star |5 MiAaHDL | ||
| 533 | |a Electronic reproduction. |b [Place of publication not identified] : |c HathiTrust Digital Library, |d 2010. |5 MiAaHDL | ||
| 538 | |a Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. |u http://purl.oclc.org/DLF/benchrepro0212 |5 MiAaHDL | ||
| 583 | 1 | |a digitized |c 2010 |h HathiTrust Digital Library |l committed to preserve |2 pda |5 MiAaHDL | |
| 520 | |a Three waves of external crises have swept international capital markets during the 1990s: the EMS crisis in 1992-93, the collapse of the Mexican peso with its induced "tequila effects" and, most recently, the financial crisis in East Asia. In Italy and Mexico, the currency crisis was followed by a sharp reversal in the current account; Italy went from a deficit of 2.4 percent in 1992 to an average surplus of 2 percent in 1993-97, and Mexico from a deficit of 7 percent in 1994 to virtual balance in 1995-96; a similar outcome is expected to occur in East Asia. Are external crises characterized by large nominal devaluations invariably followed by sharp reductions in current account deficits? And what is the impact of crises and reversals in current account imbalances on economic performance? Our paper addresses these questions by characterizing real and nominal aspects of sharp external adjustments in low-and middle-income countries. It presents stylized facts associated with sharp reductions in current account deficits (reversals) and with large nominal devaluations (currency crises), studies empirically what factors help predict crises and reversals and what factors explain macroeconomic performance after such events occur | ||
| 588 | 0 | |a Print version record. | |
| 546 | |a English. | ||
| 650 | 0 | |a Money. |0 http://id.loc.gov/authorities/subjects/sh85086790 | |
| 650 | 0 | |a Balance of payments. |0 http://id.loc.gov/authorities/subjects/sh85011127 | |
| 650 | 0 | |a Foreign exchange rates. |0 http://id.loc.gov/authorities/subjects/sh91004893 | |
| 650 | 0 | |a Money |v Tables. |0 http://id.loc.gov/authorities/subjects/sh85086793 | |
| 650 | 6 | |a Monnaie. | |
| 650 | 6 | |a Balance des paiements. | |
| 650 | 6 | |a Taux de change. | |
| 650 | 7 | |a Balance of payments. |2 fast |0 (OCoLC)fst00825672 | |
| 650 | 7 | |a Foreign exchange rates. |2 fast |0 (OCoLC)fst00931816 | |
| 650 | 7 | |a Money. |2 fast |0 (OCoLC)fst01025265 | |
| 655 | 7 | |a Tables. |2 fast |0 (OCoLC)fst01423914 | |
| 655 | 4 | |a Electronic books. | |
| 700 | 1 | |a Razin, Assaf, |e author. |0 http://id.loc.gov/authorities/names/n78053395 | |
| 710 | 2 | |a International Monetary Fund. |b Research Department, |e issuing body. |0 http://id.loc.gov/authorities/names/n77001219 | |
| 776 | 0 | 8 | |i Print version: |a Milesi-Ferretti, Gian Maria. |t Current account reversals and currency crises. |d [Washington, D.C.] : International Monetary Fund, Research Dept., ©1998 |w (OCoLC)39440291 |
| 830 | 0 | |a IMF working paper ; |v WP/98/89. |0 http://id.loc.gov/authorities/names/no89010263 | |
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| 928 | |t Library of Congress classification |a HG3881.5.I58W67 no.98/89 |l Online |c UC-FullText |u http://elibrary.imf.org/view/journals/001/1998/089/001.1998.issue-089-en.xml |z INTERNATIONAL MONETARY FUND |g ebooks |i 12140977 | ||