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dc.title | Varieties of Capital-Market Crises |
dc.contributor.author | Calvo, Guillermo A. |
dc.contributor.orgunit | Department of Research and Chief Economist |
dc.coverage | The Caribbean |
dc.coverage | Central America |
dc.coverage | South America |
dc.date.available | 2010-12-06T00:00:00 |
dc.date.issue | 1995-08-01T00:00:00 |
dc.description.abstract | In this post-modern world of high capital mobility, countries are being disciplined by the anonymous capital market. One view of the situation -perhaps the prevalent view among economists- is that Wall Street gets into your hair because you are running an unsustainable economic program and crises are bound to happen. A polar view is that countries are at the mercy of the capital market. This paper attempts to bring these views under one roof, putting special emphasis on balance-of-payment crises. |
dc.format.extent | 22 |
dc.identifier.doi | http://dx.doi.org/10.18235/0011612 |
dc.identifier.url | https://publications.iadb.org/publications/english/document/Varieties-of-Capital-Market-Crises.pdf |
dc.language.iso | en |
dc.medium | Adobe PDF |
dc.publisher | Inter-American Development Bank |
dc.subject | Fiscal Management |
dc.subject | Financial Crisis and Structural Adjustement |
dc.subject | Financial Market |
dc.subject.keywords | WP-306;speculative attacks;domestic debt;fiscal deficit;Talvi effects;Krugman's model |
idb.identifier.pubnumber | Working Papers |