The persistence of capital account crises /

This study contributes to the literature on capital account crises in two ways. First, our analysis of crisis episodes between 1994 and 2002 establishes a clear relationship between the persistence of crises, their complexity, and the intensity of movement of key macroeconomic variables. Second, we...

Full description

Bibliographic Details
Call Number:Libro Electrónico
Main Authors: Mecagni, Mauro (Author), Atoyan, Ruben (Ruben V.) (Author), Hofman, David (David J. V.) (Author)
Corporate Author: International Monetary Fund. Strategy, Policy, and Review Department
Format: Electronic eBook
Language:Inglés
Published: [Washington, DC] : International Monetary Fund, ©2009.
Series:IMF working paper ; WP/09/103.
Subjects:
Financial crises.
Capital movements.
Mouvements de capitaux.
Capital movements
Financial crises
Online Access:Texto completo
Table of Contents:
  • I. Introduction; II. Conceptual Framework and Methodology; A. Crisis Persistence, Complexity, and Macroeconomic Effects; Figures; 1. Average Duration and Crisis Complexity; Tables; 1. Duration and Nature of Crises; 2. Crisis Complexity, Duration, and Macroeconomic Costs; B. Determinants of the Duration of Crises; 3. Post-Crisis Vulnerabilities; C. Econometric Methodology; III. Persistence of Capital Account Crises; A. Estimation Results and Robustness Tests; 2. Estimation Results for the Capital Account Crises Duration Model; Boxes; 1. Some Further Diagnostic Results
  • B. Counterfactual Experiments3. Descriptive Statistics for the Model Variables; 4. Predicted Probabilities of Staying in Crisis under Different Scenarios; 5. Increase in Predicted Probability of Exit from Crisis under Various Scenarios; 6. Reduction in Predicted Crisis Duration under Various Scenarios; IV. Conclusions; Appendices; 1. Measuring the Duration of Capital Account Crises; 2. A Model for the Duration of Capital Account Crises; References

Similar Items