Prospective deficits and the Asian currency crisis /

Prospective deficits and the Asian currency crisis /

Saved in:

Bibliographic Details
Author / Creator:	Burnside, Craig.
Imprint:	Washington, DC : World Bank, Development Research Group, Macroeconomics and Growth, [1999]
Description:	43, 6 p. : ill. ; 28 cm.
Language:	English
Series:	Policy research working paper ; 2174 Policy research working papers ; 2174.
Subject:	Financial crises -- Asia -- Econometric models. Banks and banking -- Asia -- Econometric models. Budget deficits -- Asia -- Econometric models. Banks and banking -- Econometric models. Budget deficits -- Econometric models. Financial crises -- Econometric models. Asia.
Format:	E-Resource Print Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/3965621

Hidden Bibliographic Details
Other authors / contributors:	Eichenbaum, Martin S. Rebelo, Sergio. World Bank. Development Research Group. Macroeconomics and Growth Division.
Notes:	"September 1999"--Cover. Includes bibliographical references (p. 40-42). Also available on the World Wide Web.
Summary:	The recent Asian currency crisis was caused by large prospective fiscal deficits associated with implicit bailout guarantees to failing banking systems. Absent the political will to raise taxes or cut spending, governments must resort to seignorage revenues to pay for the bailout of the banking system. In a world of forward-looking agents, this makes a currency crisis inevitable.

Mansueto

Loading map link

Holdings details from Mansueto
Call Number:	HG3879.P6 no.2174
c.1	To check availability consult the series record. Intellectual item Need help? - Ask a Librarian