The Persistence of Capital Account Crises / / Mauro Mecagni, Ruben Atoyan, David Hofman
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| Autore: |
Mecagni Mauro
|
| Titolo: |
The Persistence of Capital Account Crises / / Mauro Mecagni, Ruben Atoyan, David Hofman
|
| Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Edizione: | 1st ed. |
| Descrizione fisica: | 1 online resource (29 p.) |
| Disciplina: | 332.152 |
| Soggetto topico: | Capital movements |
| Financial crises | |
| Balance of payments | |
| Banks and Banking | |
| Capital account crisis | |
| Currency | |
| Current Account Adjustment | |
| Debts, External | |
| Duration Analysis | |
| Economic & financial crises & disasters | |
| Exchange rate arrangements | |
| Exports and Imports | |
| External debt | |
| Finance | |
| Financial Crises | |
| Financial Risk Management | |
| Financial services | |
| Foreign Exchange | |
| Foreign exchange | |
| Index Numbers and Aggregation | |
| Interest rates | |
| Interest Rates: Determination, Term Structure, and Effects | |
| International economics | |
| International Lending and Debt Problems | |
| Leading indicators | |
| Real interest rates | |
| Short-term Capital Movements | |
| Soggetto geografico: | Turkey |
| Altri autori: |
AtoyanRuben
HofmanDavid
|
| Note generali: | Description based upon print version of record. |
| Nota di bibliografia: | Includes bibliographical references. |
| Nota di contenuto: | 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 Experiments 3. 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 | |
| Sommario/riassunto: | 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 provide a systematic examination of the determinants of crisis duration. Our econometric analysis suggests that initial conditions and the external environment plays a key role in determining crisis persistence. The policy response also matters, but cannot offset a record of poor past policies. Overall, the results underscore the critical importance of crisis prevention efforts. |
| Titolo autorizzato: | The Persistence of Capital Account Crises |
| ISBN: | 9786612843181 |
| 9781462393107 | |
| 1462393101 | |
| 9781452713748 | |
| 145271374X | |
| 9781451872507 | |
| 145187250X | |
| 9781282843189 | |
| 1282843184 | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910960079903321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF Working Papers; Working Paper ; ; No. 2009/103