Multiple Equilibria, Contagion, and the Emerging Market 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 Multiple Equilibria, Contagion, and the Emerging Market Crises write by Mr.Paul R. Masson. This book was released on 1999-12-01. Multiple Equilibria, Contagion, and the Emerging Market Crises available in PDF, EPUB and Kindle. The paper surveys the types of models producing multiple equilibria in financial markets. It argues that such models are consistent with observed phenomena, such as the greater volatility of financial asset prices than of macroeconomic fundamentals. Alternative explanations are compared with the stylized facts concerning capital flows, portfolio shifts, and exchange rate crises. Implications for crisis prediction and prevention are then discussed.
Contagion
Contagion - 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 Contagion write by Mr.Paul R. Masson. This book was released on 1998-09-01. Contagion available in PDF, EPUB and Kindle. Several concepts of contagion are distinguished. It is argued that only models that admit of multiple equilibria are capable of producing true contagion. A simple balance of payments model is presented to illustrate that phenomenon, and some back-of-the-envelope calculations assess its relevance to the coincidence of emerging market crises in 1994–95 and in 1997.
Multiple Equilibria, Contagion, and the Emerging Market Crisis
Multiple Equilibria, Contagion, and the Emerging Market Crisis - 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 Multiple Equilibria, Contagion, and the Emerging Market Crisis write by Paul R. Masson. This book was released on 1999. Multiple Equilibria, Contagion, and the Emerging Market Crisis available in PDF, EPUB and Kindle.
Financial Crises in Emerging Markets
Financial Crises in Emerging Markets - 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 Financial Crises in Emerging Markets write by Reuven Glick. This book was released on 2001-04-23. Financial Crises in Emerging Markets available in PDF, EPUB and Kindle. The essays in this volume analyze causes of financial crises in emerging markets and different policy responses.
IMF Working Paper
IMF Working Paper - 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 IMF Working Paper write by Paul Masson. This book was released on 1998. IMF Working Paper available in PDF, EPUB and Kindle. Several concepts of contagion are distinguished. It is argued that only models that admit of multiple equilibria are capable of producing true contagion. A simple balance of payments model is presented to illustrate that phenomenon, and some back-of-the-envelope calculations assess its relevance to the coincidence of emerging market crises in 1994-1995 and in 1997.
