Mulder, Christian; Perrelli, Roberto; Rocha, Manuel Duarte - In: International Review of Economics & Finance 21 (2012) 1, pp. 16-28
This study tests the balance sheet approach of “third-generation” explanations of external crises in emerging markets, looking in particular at the 1997–98 Asian crisis. Using unique datasets, we find that corporate sector balance sheets, macroeconomic balance sheets, and the legal...