Actions for Currency Crises and the Real Economy [electronic resource]: The Role of Banks

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Currency Crises and the Real Economy [electronic resource]: The Role of Banks

Author
Disyatat, Piti
Published
Washington : International Monetary Fund May 2001
Physical Description
139 p.
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Summary
Annotation This paper shows that the quality of banks within each country is one of the important factors that can account for the fact that developing economies tend to suffer more severe output contractions in the wake of a currency crisis than more mature economies. In particular, countries with a banking sector whose balance sheets are healthy, in terms of having high net worth and low foreign currency exposure, are much less likely to suffer a contraction in the wake of an unexpected depreciation.
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ISBN
9781451893977
1451893973 (E-Book)
View MARC record | catkey: 15212481