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Boom-bust cycles in middle income countries : facts and explanation
Tornell, Aaron; Westermann, Frank - 2002
In this paper we characterize empirically the comovements of macro variables typically observed in middle income countries, as well as the boom-bust cycle that has been observed during the last two decades. We find that many countries that have liberalized their financial markets, have witnessed...
Persistent link: https://www.econbiz.de/10011410453
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Boom-bust cycles in middle income countries : facts and explanation
Tornell, Aaron; Westermann, Frank - 2002
Persistent link: https://www.econbiz.de/10001700606
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Boom-bust cycles in middle income countries : facts and explanation
Tornell, Aaron; Westermann, Frank - 2002
In this paper we characterize empirically the comovements of macro variables typically observed in middle income countries, as well as the 'boom-bust cycle' that has been observed during the last two decades. We find that many countries that have liberalized their financial markets, have...
Persistent link: https://www.econbiz.de/10001688773
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Boom-bust cycles in middle income countries : Facts and explanation
Tornell, Aaron - In: IMF staff papers 49 (2002) Special issue, pp. 111-155
Persistent link: https://www.econbiz.de/10001715453
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Boom-Bust Cycles in Middle Income Countries : Facts and Explanation
Tornell, Aaron; Westermann, Frank - 2021
In this paper we characterize empirically the comovements of macro variables typically observed in middle income countries, as well as the boom-bust cycle' that has been observed during the last two decades. We find that many countries that have liberalized their financial markets, have...
Persistent link: https://www.econbiz.de/10013240937
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Boom-Bust Cycles in Middle Income Countries : Facts and Explanation
Tornell, Aaron; Westermann, Frank - 2021
In this paper we characterize empirically the comovements of macro variables typically observed in middle income countries, as well as the "boom-bust cycle" that has been observed during the last two decades. We find that many countries that have liberalized their financial markets, have...
Persistent link: https://www.econbiz.de/10013320404
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Boom-Bust Cycles in Middle Income Countries : Facts and Explanation
Tornell, Aaron - 2002
In this paper we characterize empirically the comovements of macro variables typically observed in middle income countries, as well as the boom-bust cycle' that has been observed during the last two decades. We find that many countries that have liberalized their financial markets, have...
Persistent link: https://www.econbiz.de/10012469490
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Boom-bust cycles and financial liberalization
Tornell, Aaron - 2005
Die Volatilität, die in Ländern mittleren Einkommens (LMEs) mit einer Öffnung der Kapitalmärkte in den vergangen Jahren einher ging, führte bei vielen Kritikern dieser Politik zu der Forderung, die stark ausgeprägten Konjunkturzyklen und Krisen (Boom-Bust Zyklen) durch eine...
Persistent link: https://www.econbiz.de/10013482034
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Currency in circulation, the cash changeover and the Euro-Dollar exchange rate
Seitz, Franz; Bindseil, Ulrich - In: IFO-Studien : Zeitschrift für empirische … 47 (2001) 4, pp. 531-548
This paper describes and analyses the evolution of euro area currency in circulation in the last years and especially … in the run up to the cash change-over. In particular, it revisits the possible effect of the latter on the euro … the three time series in question (euro banknotes, US dollar banknotes, exchange rate). The main conclusion is that there …
Persistent link: https://www.econbiz.de/10001678876
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Systemic crises and growth
Rancière, Romain; Tornell, Aaron; Westermann, Frank - In: The quarterly journal of economics 123 (2008) 1, pp. 359-406
Persistent link: https://www.econbiz.de/10003880708