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The IMF and precautionary lending : an empirical evaluation of the selectivity and effectiveness of the flexible credit line
Essers, Dennis; Ide, Stefaan - 2017
This paper provides an empirical evaluation of the Flexible Credit Line (FCL), the IMF's prime precautionary lending …
Persistent link: https://www.econbiz.de/10011665227
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International risk tolerance, capital market failure and capital flows to emerging markets
FitzGerald, Valpy - 2006
The level, tenor and instability of capital flows from global financial markets towards developing countries are a major source of concern for macroeconomic managers, while their causes remain largely unexplained by economic theory. Country ‘fundamentals’ (such as economic growth, monetary...
Persistent link: https://www.econbiz.de/10010284820
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The Role of Industrial Country Policies in Emerging Market Crises
Frankel, Jeffrey A.; Roubini, Nouriel - 2003
This paper considers policies of the industrialized countries, as they pertain to crises in emerging markets. These fall into three areas: (1) their own macroeconomic policies, which determine the global financial environment; (2) their role in responding to crises when they occur, particularly...
Persistent link: https://www.econbiz.de/10014116854
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How Can the Crisis Vulnerability of Emerging Economies Be Reduced?
Abberger, Klaus; Bhattacharyay, Biswa Nath; Nam, Chang Woon - 2014
apply fiscal austerity measures to reduce public debt, regaining credibility and by this creating new fiscal options for …
Persistent link: https://www.econbiz.de/10011698419
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Why Are Latin American Crises Deeper Than Those in Emerging Asia, Including That of COVID-19?
García-Herrero, Alicia - 2021
worse debt dynamics and more limited access to dollar liquidity. Asia, instead, seems to have developed a much more …
Persistent link: https://www.econbiz.de/10013238829
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Optimal Reserve Management and Sovereign Debt
Alfaro, Laura - 2009
Most models currently used to determine optimal foreign reserve holdings take the level of international debt as given …. However, given the sovereign's willingness-to-pay incentive problems, reserve accumulation may reduce sustainable debt levels …. In addition, assuming constant debt levels does not allow addressing one of the puzzles behind using reserves as a means …
Persistent link: https://www.econbiz.de/10012721300
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Short-Run Pain, Long-Run Gain : The Effects of Financial Liberalization
Kaminsky, Graciela; Schmukler, Sergio L. - 2021
We examine the short- and long-run effects of financial liberalization on capital markets. To do so, we construct a new comprehensive chronology of financial liberalization in 28 mature and emerging market economies since 1973. We also construct an algorithm to identify booms and busts in stock...
Persistent link: https://www.econbiz.de/10013318025
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How can the crisis vulnerability of emerging economies be reduced?
Abberger, Klaus; Bhattacharyay, Biswanath; Nam, Chang-woon - 2014 - May 2014
apply fiscal austerity measures to reduce public debt, regaining credibility and by this creating new fiscal options for …
Persistent link: https://www.econbiz.de/10011824986
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Why are Latin American crises deeper than those in Emerging Asia, including that of COVID-19?
García Herrero, Alicia - 2021
challenged with worse debt dynamics and more limited access to dollar liquidity. Asia, instead, seems to have developed a much …
Persistent link: https://www.econbiz.de/10012490544
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How Can the Crisis Vulnerability of Emerging Economies Be Reduced?
Abberger, Klaus; Bhattacharyay, Biswa Nath; Nam, Chang Woon - ifo Leibniz-Institut für Wirtschaftsforschung an der …
apply fiscal austerity measures to reduce public debt, regaining credibility and by this creating new fiscal options for …
Persistent link: https://www.econbiz.de/10011148843