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Sterling in decline : the devaluations of 1931, 1949 and 1967

Cairncross, Alec; Eichengreen, Barry J. - 1983

Persistent link: https://www.econbiz.de/10004136931

Original Sin, Balance Sheet Crises, and the Roles of International Lending

Zettelmeyer, Jeromin; Jeanne, Olivier - International Monetary Fund (IMF) - 2002

We present a stylized framework which encompasses a variety of "balance sheet approaches" to currency crises that have been suggested in the literature, and analyze their policy implications. The common theme is that currency and maturity mismatches in private sector balance sheets constrain the...

Persistent link: https://www.econbiz.de/10005599651

Nonmonetary effects of the financial crisis in the propagation of the Great Depresion

Bernanke, Ben - In: The American economic review 73 (1983) 3, pp. 257-276

Persistent link: https://www.econbiz.de/10001907081

Official Intervention in the Foreign Exchange Market; Elements of Best Practice

Kriljenko, Jorge Iván Canales; Karacadag, Cem; … - International Monetary Fund (IMF) - 2003

This paper offers guidance on the operational aspects of official intervention in the foreign exchange market … counterparties in conducting intervention. The analysis highlights the difficulty of detecting exchange rate misalignments and … disorderly markets, and argues in favor of parsimony in official intervention. Determining the timing and amount of intervention …

Persistent link: https://www.econbiz.de/10005826478

Trade and Financial Contagion in Currency Crises

Salgado, Ranil; Ricci, Luca Antonio; Caramazza, Francesco - International Monetary Fund (IMF) - 2000

This paper investigates empirically the relevance of external, domestic, and financial weaknesses as well as trade and financial linkages in inducing financial crises for a sample of 61 emerging market and industrial countries. A panel probit estimation finds these economic indicators to be...

Persistent link: https://www.econbiz.de/10005769104

Managing Financial Crises; The Experience in East Asia

Lane, Timothy D.; Hamann, A. Javier; Schulze-Gattas, … - International Monetary Fund (IMF) - 2000

The Asian financial crisis of 1997-98 was one of the most dramatic economic events of recent times, which raised many questions regarding the appropriate policy response to financial crises. This paper reviews the experience of this crisis, focusing on the overall strategy of crisis management...

Persistent link: https://www.econbiz.de/10005263845

Did Output Recover From the Asian Crisis?

Cerra, Valerie; Saxena, Sweta Chaman - International Monetary Fund (IMF) - 2003

This paper investigates the extent to which output has recovered from the Asian crisis. A regime-switching approach that introduces two state variables is used to decompose recessions in a set of six Asian countries into permanent and transitory components. While growth recovered fairly quickly...

Persistent link: https://www.econbiz.de/10005604941

Comparison between Asian, Russian and Turkish financial crises

Lukkarila, Johanna - EconWPA - 2004

, ie third generation theories, for the crisis episodes in Asia. It also compares the theories and Asian events to …

Persistent link: https://www.econbiz.de/10005556609

Currency Crisis and Contagion; Evidence From Exchange Rates and Sectoral Stock Indices of the Philippines and Thailand

Nagayasu, Jun - International Monetary Fund (IMF) - 2000

This paper analyzes empirically the recent Asian financial crisis using high frequency data of exchange rates and stock indices of the Philippines and Thailand. Utilizing standard time-series techniques, this study confirms that there is evidence that developments in some sectoral...

Persistent link: https://www.econbiz.de/10005263754

Financial Crises, Poverty, and Income Distribution

International Monetary Fund (IMF); International … - 2002

Developing and transition economies are prone to financial crises, including balance of payments and banking crises. These crises affect poverty and the distribution of income through a variety of channels: slowdowns in economic activity, relative price changes, and fiscal retrenchment, among...

Persistent link: https://www.econbiz.de/10005264050

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