Varieties of Capital-Market Crises

1998-01-01chapterPalgrave Macmillan UK eBooks200 citationsclosed

No readable copy stored yet — this record is metadata only.

Global Financial Crisis and Policies Economic Theory and Policy Global Financial Regulation and Crises

Abstract

‘It is to be noticed that the position of a country which is preponderantly a creditor in the international short-loan market is quite different from that of a country which is preponderantly a debtor. In the former case, which is that of Great Britain, it is a question of reducing the amount lent; in the latter case it is a question of increasing the amount borrowed. A machinery which is adapted for action of the first kind may be ill suited for action of the second.’ Keynes (1924, p. 18)

Citations in this library

Stored only when both papers are in the corpus — 200 citations exist upstream.

References

1983Bank Runs, Deposit Insurance, and Liquidity

1979A Model of Balance-of-Payments Crises

1984Rational and Self-Fulfilling Balance-of-Payments Crises

1996Mexico's balance-of-payments crisis: a chronicle of a death foretold

1989Servicing the Public Debt: The Role of Expectations* *I have greatly benefited from comments received at Johns Hopkins University, Georgetown University, the Macro Lunch Group of the University of Pennsylvania, MIT, and the Research Department of the International Monetary Fund. I am particularly indebted to Matt Canzoneri, Sara Guerschanik-Calvo, Joseph Harrington, Jr, Elhanan Helpman, Nissan Leviatan, Maury Obstfeld, Assaf Razin, Sweder van Wijnbergen and two anonymous referees. The research on this paper was partly done while I was a visiting scholar at the Research Department of the Internationed Monetary Fund, and it was partially funded by the National Science Foundation. However, any opinions expressed are entirely my own and not those of any of the above institutions. This paper has already been published in the The American Economic Review, 78, 4, September 1988, pp. 647–661.

1992The Macroeconomics of populism in Latin America

1913Indian Currency and Finance.

1986Temporary Stabilization: Predetermined Exchange Rates

Cited by

2004Oil prices and exchange rates: Norwegian evidence

2001Banking and Currency Crises: How Common Are Twins?

2000Currency Crises: A Perspective on Recent Theoretical Developments

2005Sudden Stop, Financial Factors and Economic Collpase in Latin America: Learning from Argentina and Chile

1999Common Fundamentals in the Tequila and Asian Crises

2003Varieties of Currency Crises

1998Explaining Currency Crises

1996Collapsing exchange rate regimes: Another linear example