Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Research Department.
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| ISBN: | 9781451903171
1451903170
1462324649
9781462324644
145275120X
9781452751207
1282108360
9781282108363
9786613801715
6613801712
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| Notes: | Includes bibliographical references (pages 25-21).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
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. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | Annotation The paper surveys the types of models producing multiple equilibria in financial markets. It argues that such models are consistent with observed phenomena, such as the greater volatility of financial asset prices than of macroeconomic fundamentals. Alternative explanations are compared with the stylized facts concerning capital flows, portfolio shifts, and exchange rate crises. Implications for crisis prediction and prevention are then discussed.
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| Other form: | Print version: Masson, Paul R. Multiple equilibria, contagion, and the emerging market crises. [Washington, D.C.] : International Monetary Fund, Research Department, ©1999
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| Standard no.: | 10.5089/9781451903171.001
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