Fiscal vulnerability and financial crises in emerging market economies /
Hemming, Richard.
Fiscal vulnerability and financial crises in emerging market economies / Richard Hemming, Michael Kell, and Axel Schimmelpfennig. - Washington DC : International Monetary Fund, 2003. - vii, 124 p. : ill. ; 28 cm. - Occasional paper (International Monetary Fund) , 218 0251-6365 ; .
Includes bibliographical references (p. 119-122).
This occasional paper focuses on the fiscal aspects of financial crises in emerging market economies and as such fills a gap in the crisis literature. The discussion in the paper is based on statistical analysis of a large dataset of fiscal variables and case studies of eleven emerging market crises during the 1990s. The paper concludes that there are several important fiscal causes of crises related to the size of deficits and their financing, the, level and composition of public debt and structural fiscal factors.
1589061969
2003384036
Financial crises--Developing countries.
Fiscal policy--Developing countries.
HJ1620 / .H46 2003
332.042'091724
Fiscal vulnerability and financial crises in emerging market economies / Richard Hemming, Michael Kell, and Axel Schimmelpfennig. - Washington DC : International Monetary Fund, 2003. - vii, 124 p. : ill. ; 28 cm. - Occasional paper (International Monetary Fund) , 218 0251-6365 ; .
Includes bibliographical references (p. 119-122).
This occasional paper focuses on the fiscal aspects of financial crises in emerging market economies and as such fills a gap in the crisis literature. The discussion in the paper is based on statistical analysis of a large dataset of fiscal variables and case studies of eleven emerging market crises during the 1990s. The paper concludes that there are several important fiscal causes of crises related to the size of deficits and their financing, the, level and composition of public debt and structural fiscal factors.
1589061969
2003384036
Financial crises--Developing countries.
Fiscal policy--Developing countries.
HJ1620 / .H46 2003
332.042'091724