A Cure Worse Than the Disease? Currency Crises and the Output Costs of IMF-Supported Stabilization Programs

Michael M. Hutchison

100 citations0/0 files storedNational Bureau of Economic Research

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Global Financial Crisis and Policies Monetary Policy and Economic Impact International Development and Aid

Abstract

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References

1996Currency crashes in emerging markets: An empirical treatment 1998Leading Indicators of Currency Crises 1996The Twin Crises: The Causes of Banking and Balance-of-Payments Problems 1999Leading Indicators of Currency Crises 2000The effect of IMF programs on economic growth 1990The Macroeconomic Effects of Fund-Supported Adjustment Programs 2001Banking and Currency Crises: How Common are Twins?1994IMF lending programs: Participation and impact

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2004Executive Authority, the Personal Vote, and Budget Discipline in Latin American and Caribbean Countries 2003Macroeconomic effects of IMF-sponsored programs in Latin America: output costs, program recidivism and the vicious cycle of failed stabilizations 2006Sudden Stops and IMF-Supported Programs 2004Managing Macroeconomic Crises 2002Output Costs of Currency and Balance of Payments Crises in Emerging Markets 2002IMF-supported programs in capital account crises

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