Debt-Related Vulnerabilities and Financial Crises - an Application of the Balance Sheet Approach to Emerging Market Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Debt-Related Vulnerabilities and Financial Crises - an Application of the Balance Sheet Approach to Emerging Market Countries write by International Monetary Fund. Policy Development and Review Dept.. This book was released on 2004-01-07. Debt-Related Vulnerabilities and Financial Crises - an Application of the Balance Sheet Approach to Emerging Market Countries available in PDF, EPUB and Kindle. NULL
Debt-Related Vulnerabilities and Financial Crises
Debt-Related Vulnerabilities and Financial Crises - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Debt-Related Vulnerabilities and Financial Crises write by Mr.Brad Setser. This book was released on 2005-10-24. Debt-Related Vulnerabilities and Financial Crises available in PDF, EPUB and Kindle. The analysis of currency and maturity mismatches in sectoral balance sheets has increasingly become a regular element in the IMF’s tool kit for surveillance in emerging market countries. This paper describes this so-called balance sheet approach and shows how it can be applied to detect vulnerabilities and shape policy advice. It also provides a broad-brushed overview of how balance sheet vulnerabilities have evolved over the past decade and cites a number of case studies.
Managing Financial Crises
Managing Financial Crises - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Managing Financial Crises write by Mr.Charles Collyns. This book was released on 2003-04-10. Managing Financial Crises available in PDF, EPUB and Kindle. This paper seeks to draw lessons from the IMF’s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that there is no quick or easy fix in the face of a wide-ranging crisis involving both acute external financing pressures and rapidly changing asset prices that undermine financial stability and household and corporate balance sheets. In the end, effective solutions depend on developing a comprehensive strategy combining the full range of fiscal, monetary, financial system, and debt policy instruments. Recent experience with crises has had important implications for the IMF’s work in assessing crisis vulnerabilities. IMF surveillance work has been strengthened and a more objective framework has been developed for assessing debt sustainability, and this approach continues to be refined.
Assessing Financial Vulnerability
Assessing Financial Vulnerability - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Assessing Financial Vulnerability write by Morris Goldstein. This book was released on 2000-06-01. Assessing Financial Vulnerability available in PDF, EPUB and Kindle. The European currency crises of 1992-93, the Mexican crisis of 1994-95, and especially the Asian/global crisis of 1997-98, have all contributed to a heightened interest in the early warning signals of financial crises. This pathbreaking study presents a comprehensive battery of empirical tests on the performance of alternative early warning indicators for emerging-market economies that should prove useful in the construction of a more effective global warning system. Not only are the authors able to draw conclusions about which specific indicators have sent the most reliable early warning signals of currency and banking crises in emerging economies, they also test the out-of-sample performance of the model during the Asian crisis and find that it does a good job of identifying the most vulnerable economies. In addition, they show how the early warning system can be used to construct a "composite" crisis indicator to weigh the importance of alternative channels of cross-country "contagion" of crises, and to generate information about the recovery path from crises. This timely study comes on the eve of impending changes at the International Monetary Fund as that institution reexamines how it reacts to financial crises. Moreover, the study provides "... a wealth of valuable elements for anyone investigating and forecasting adverse developments in emerging markets as well as industrial countries," according to Ewoud Schuitemaker, vice president of the economics department at ABN AMRO Bank.
Fiscal Vulnerability and Financial Crises in Emerging Market Economies
Fiscal Vulnerability and Financial Crises in Emerging Market Economies - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Fiscal Vulnerability and Financial Crises in Emerging Market Economies write by Mr.Richard Hemming. This book was released on 2003-05-23. Fiscal Vulnerability and Financial Crises in Emerging Market Economies available in PDF, EPUB and Kindle. Recent crises in Argentina and Turkey illustrate the continuing importance of fiscal problems in precipitating financial crises, and whatever their cause, financial crises always have important fiscal dimensions. market economies, particularly with regards to the fiscal causes of crises; fiscal vulnerability indicators which can help to predict crises; whether fiscal variables explain the severity of crises; and the fiscal consequences of crises. The study uses a large set of fiscal variables for 29 emerging market economies over the period 1970-2000; as well as detailed case studies of 11 recent crises in emerging market economies to examine some of the structural and institutional dimensions of fiscal vulnerability.
