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The role of institutional quality in a currency crisis model /
This paper is a theoretical study of the impact of institutional quality on currency crises from a public finance point of view. Recent empirical studies leave little doubt that weak institutions, including high levels of corruption, hinder economic performance. After the East Asian crisis, many obs...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington, D.C. :
International Monetary Fund, Policy Development and Review Dept.,
2008.
|
| Colección: | IMF working paper ;
WP/08/5. |
| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 100 | 1 | |a Wu, Yi, |e author. | |
| 245 | 1 | 4 | |a The role of institutional quality in a currency crisis model / |c prepared by Yi Wu. |
| 260 | |a Washington, D.C. : |b International Monetary Fund, Policy Development and Review Dept., |c 2008. | ||
| 300 | |a 1 online resource (16 pages) : |b illustrations | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
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| 347 | |a data file | ||
| 490 | 1 | |a IMF working paper, |x 2227-8885 ; |v WP/08/5 | |
| 504 | |a Includes bibliographical references (page 16). | ||
| 588 | 0 | |a Print version record. | |
| 520 | |a This paper is a theoretical study of the impact of institutional quality on currency crises from a public finance point of view. Recent empirical studies leave little doubt that weak institutions, including high levels of corruption, hinder economic performance. After the East Asian crisis, many observers have pointed to widespread corruption and crony capitalism as an underlying cause. Despite the popularity of the claim, there are only limited empirical and especially theoretical studies on the link between institutional quality and currency crises. This paper intends to fill in this void. We model institutional weakness as an inefficiency of the tax collection system. The model derived here shows that institutional weakness generally increases the likelihood of the existence of a self-fulfilling crisis equilibrium, and leads to larger currency devaluation when crises happen. However, this relationship could reverse when institutional weakness is very severe. | ||
| 506 | |3 Use copy |f Restrictions unspecified |2 star |5 MiAaHDL | ||
| 533 | |a Electronic reproduction. |b [Place of publication not identified] : |c HathiTrust Digital Library, |d 2010. |5 MiAaHDL | ||
| 538 | |a Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. |u http://purl.oclc.org/DLF/benchrepro0212 |5 MiAaHDL | ||
| 583 | 1 | |a digitized |c 2010 |h HathiTrust Digital Library |l committed to preserve |2 pda |5 MiAaHDL | |
| 505 | 0 | |a I. Introduction; II. The Model; Figures; 1. Self-fulfilling Currency Crises; III. Institutional quality and self-fulfilling currency crises; 2a. Simulation I; 2b. Simulation II; 2c. Simulation III; IV. Concluding remarks; References | |
| 546 | |a English. | ||
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 650 | 0 | |a Currency crises |x Econometric models. | |
| 650 | 0 | |a Financial institutions |x Econometric models. | |
| 650 | 0 | |a Tax collection |x Econometric models. | |
| 650 | 6 | |a Crises de change |x Modèles économétriques. | |
| 650 | 6 | |a Institutions financières |x Modèles économétriques. | |
| 650 | 6 | |a Impôt |x Recouvrement |x Modèles économétriques. | |
| 650 | 7 | |a Financial institutions |x Econometric models |2 fast | |
| 655 | 4 | |a Computer network resources. | |
| 710 | 2 | |a International Monetary Fund. |b Policy Development and Review Department. | |
| 758 | |i has work: |a The role of institutional quality in a currency crisis model (Text) |1 https://id.oclc.org/worldcat/entity/E39PCGDjGWPgmmQHYhvmGHm7h3 |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |a Wu, Yi. |t Role of institutional quality in a currency crisis model. |d Washington, D.C. : International Monetary Fund, Policy Development and Review Dept., ©2008 |w (OCoLC)213099167 |
| 830 | 0 | |a IMF working paper ; |v WP/08/5. | |
| 856 | 4 | 0 | |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=1607688 |z Texto completo |
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