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From Crisis to Recovery in Korea; Strategy, Achievements, and Lessons
Kang, Kenneth; Liang, Hong; Ma, Henry; Richards, Anthony J. - International Monetary Fund (IMF) - 2001
This paper reviews and draws lessons from the stabilization and reform program that Korea implemented in response to the 1997-98 crisis. The economy recovered quickly from the deep recession in 1998 and its vulnerability to a balance of payments crisis has been reduced sharply. Significant...
Persistent link: https://www.econbiz.de/10005825786
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International Financial Contagion and the Fund; A Theoretical Framework
Clark, Peter B.; Huang, Haizhou - International Monetary Fund (IMF) - 2001
a lower IMF rate. Highly indebted countries hit by large negative shocks to output will default. The resulting reduction … further rounds of defaults. In this environment the IMF can limit default and internalize the externality generated by … contagion through its lending with conditionality. We characterize the IMF's optimal lending decision in mitigating the loss in …
Persistent link: https://www.econbiz.de/10005826144
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The Economic Impact of IMF-Supported Programs in Low-Income Countries
Bal-Gunduz, Yasemin; Ebeke, Christian; Hacibedel, Burcu; … - International Monetary Fund (IMF) - 2013
This paper aims to assess the economic impact of the IMF’s support through its facilities for low-income countries. It … relies on two complementary econometric analyses: the first investigates the longer-term impact of IMF engagement … role of IMF shock-related financing—through augmentations of Extended Credit Facility arrangements and short-term and …
Persistent link: https://www.econbiz.de/10010790497
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Currency Crises in Emerging Markets - Selected Comparative Studies
DABROWSKI, Marek - CASE-Center for Social and Economic Research - 2001
Radziwill analyze the role of the IMF in preventing the currency crises in five selected CIS countries - Russia, Ukraine …
Persistent link: https://www.econbiz.de/10008632996
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Imf Drawing Programs; Participation Determinants and Forecasting
Cerutti, Eugenio - International Monetary Fund (IMF) - 2007
This paper studies the factors that have influenced countries' participation in IMF drawing programs. IMF drawing …-track, it provides a closer link to the factors that have influenced the evolution of IMF credit outstanding. The analysis uses … determinants of countries' participation in IMF drawing programs. The importance of the global factor is not uniform during the …
Persistent link: https://www.econbiz.de/10005248203
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Robust Lessons about Practical Early Warning Systems
Beckmann, Daniela; Menkhoff, Lukas; Sawischlewski, Katja - 2005
Early warning systems (EWSs) are subject to restrictions that apply to exchange rates in general: fundamentals matter but their influence is small and unstable. Despite this limitation four major lessons emerge: First, EWSs have robust forecasting power and thus help policy-makers to prevent...
Persistent link: https://www.econbiz.de/10010262942
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Robust Lessons about Practical Early Warning Systems
Sawischlewski, Katja; Menkhoff, Lukas; Beckmann, Daniela - 2005
Early warning systems (EWSs) are subject to restrictions that apply to exchange rates in general: fundamentals matter but their influence is small and unstable. Keeping this in mind, five lessons emerge : First, EWSs have robust forecasting power and thus help policy-makers to prevent crises....
Persistent link: https://www.econbiz.de/10010295956
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Robust Lessons about Practical Early Warning Systems
Beckmann, Daniela; Menkhoff, Lukas; Sawischlewski, Katja - Wirtschaftswissenschaftliche Fakultät, Leibniz … - 2005
Early warning systems (EWSs) are subject to restrictions that apply to exchange rates in general: fundamentals matter but their influence is small and unstable. Despite this limitation four major lessons emerge: First, EWSs have robust forecasting power and thus help policy-makers to prevent...
Persistent link: https://www.econbiz.de/10005138914
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Robust Lessons about Practical Early Warning Systems
Sawischlewski, Katja; Menkhoff, Lukas; Beckmann, Daniela - Verein für Socialpolitik, Ausschuss für … - 2005
Early warning systems (EWSs) are subject to restrictions that apply to exchange rates in general: fundamentals matter but their influence is small and unstable. Keeping this in mind, five lessons emerge : First, EWSs have robust forecasting power and thus help policy-makers to prevent crises....
Persistent link: https://www.econbiz.de/10005082727
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Thirty Years of Currency Crises in Argentina: External Shocks or Domestic Fragility?
Kaminsky, Graciela; Mati, Amine; Choueiri, Nada - In: ECONOMIA JOURNAL OF THE LATIN AMERICAN AND CARIBBEAN … (2009)
This paper examines Argentina´s currency crises from 1970 to 2001, with particular attention to the role of domestic and external factors. Using VAR estimations, we find that deteriorating domestic fundamentals matter. For example, at the core of the late 1980s crises was excessively loose...
Persistent link: https://www.econbiz.de/10009018089