Post-crisis recovery : when does increased fiscal discipline work? /

Emerging market financial crises during the late 1990s were marked by sudden withdrawals of funds by foreign creditors, resulting in production declines. The IMF favored positive signals to potential foreign creditors and initially recommended disciplined fiscal policy during the height of crisis, c...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Mitra, Pritha, 1974- (Autor)
Autor Corporativo: International Monetary Fund
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : International Monetary Fund, IMF Institute, ©2006.
Colección:IMF working paper ; WP/06/219.
Temas:
Financial crises > Developing countries > Econometric models.
Fiscal policy > Developing countries > Econometric models.
Financial crises.
Fiscal policy.
Crises financières.
Politique fiscale.
Fiscal policy
Financial crises
Financial crises > Econometric models
Fiscal policy > Econometric models
Developing countries
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Contents
  • I. INTRODUCTION
  • II. BACKGROUND
  • III. THE MODEL
  • A. Households
  • B. Firms
  • C. Government
  • D. Domestic Financial Intermediary
  • E. Foreign Creditor
  • IV. EQUILIBRIUM CONDITIONS
  • V. PARAMETERS
  • VI. SIMULATIONS
  • A. The Base Case
  • B. Application of Disciplined Fiscal Policy
  • C. Application of Simulation Results to Korea and Thailand
  • VII. CONCLUSIONS AND FURTHER RESEARCH
  • References
  • Appendix: Simulated Paths of Variables

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