We assess econometrically the impact of asset shortages on economic growth, asset bubbles, the probability of a crisis … shortages pose a serious danger to EMs in terms of reducing economic growth, raising the probability of a crisis, and leading to … asset price bubbles. Moreover, asset shortages can also explain the current account positions of EMs. The findings suggest …

We assess econometrically the impact of asset shortages on economic growth, asset bubbles, the probability of a crisis … shortages pose a serious danger to EMs in terms of reducing economic growth, raising the probability of a crisis, and leading to … asset price bubbles. Moreover, asset shortages can also explain the current account positions of EMs. The findings suggest …

Economic analyses vary with respect to the extent to which deregulation contributed to the financial crisis of 2008 … contributing factor, ought not to be singled out as the sole cause of the current crisis. This commentary discusses how some … features of the international trade and monetary regime have played a major role in producing the recent crisis. It maintains …

Sudden stops in capital inflows were a main characteristic of the emerging market crisis during the 1990's. Concerns …

external crisis, while higher levels of foreign-currency-denominated external debt increase the likelihood of sudden stops …