The persistence of capital account crises / prepared by Mauro Mecagni, Ruben Atoyan, David Hofman.

This study contributes to the literature on capital account crises in two ways. First, our analysis of crisis episodes between 1994 and 2002 establishes a clear relationship between the persistence of crises, their complexity, and the intensity of movement of key macroeconomic variables. Second, we...

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Bibliographic Details
Main Authors: Mecagni, Mauro (Author), Atoyan, Ruben (Ruben V.) (Author), Hofman, David (David J. V.) (Author)
Corporate Author: International Monetary Fund. Strategy, Policy, and Review Department
Format: eBook
Language:English
Published: [Washington, DC] : International Monetary Fund, ©2009.
Series:IMF working paper ; WP/09/103.
Subjects:
Online Access:Click for online access

MARC

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100 1 |a Mecagni, Mauro,  |e author. 
245 1 4 |a The persistence of capital account crises /  |c prepared by Mauro Mecagni, Ruben Atoyan, David Hofman. 
260 |a [Washington, DC] :  |b International Monetary Fund,  |c ©2009. 
300 |a 1 online resource (28 pages) :  |b color illustrations. 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
490 1 |a IMF working paper ;  |v WP/09/103 
504 |a Includes bibliographical references (pages 27-28). 
588 0 |a Print version record. 
520 |a This study contributes to the literature on capital account crises in two ways. First, our analysis of crisis episodes between 1994 and 2002 establishes a clear relationship between the persistence of crises, their complexity, and the intensity of movement of key macroeconomic variables. Second, we provide a systematic examination of the determinants of crisis duration. Our econometric analysis suggests that initial conditions and the external environment plays a key role in determining crisis persistence. The policy response also matters, but cannot offset a record of poor past policies. Over. 
505 0 |a I. Introduction; II. Conceptual Framework and Methodology; A. Crisis Persistence, Complexity, and Macroeconomic Effects; Figures; 1. Average Duration and Crisis Complexity; Tables; 1. Duration and Nature of Crises; 2. Crisis Complexity, Duration, and Macroeconomic Costs; B. Determinants of the Duration of Crises; 3. Post-Crisis Vulnerabilities; C. Econometric Methodology; III. Persistence of Capital Account Crises; A. Estimation Results and Robustness Tests; 2. Estimation Results for the Capital Account Crises Duration Model; Boxes; 1. Some Further Diagnostic Results 
505 8 |a B. Counterfactual Experiments3. Descriptive Statistics for the Model Variables; 4. Predicted Probabilities of Staying in Crisis under Different Scenarios; 5. Increase in Predicted Probability of Exit from Crisis under Various Scenarios; 6. Reduction in Predicted Crisis Duration under Various Scenarios; IV. Conclusions; Appendices; 1. Measuring the Duration of Capital Account Crises; 2. A Model for the Duration of Capital Account Crises; References 
650 0 |a Financial crises. 
650 0 |a Capital movements. 
650 7 |a Capital movements  |2 fast 
650 7 |a Financial crises  |2 fast 
700 1 |a Atoyan, Ruben  |q (Ruben V.),  |e author.  |1 https://id.oclc.org/worldcat/entity/E39PCjJBDtjctryQ3YHjGDvY6C 
700 1 |a Hofman, David  |q (David J. V.),  |e author.  |1 https://id.oclc.org/worldcat/entity/E39PCjxw7dfjyxcgMBgk9TcvBP 
710 2 |a International Monetary Fund.  |b Strategy, Policy, and Review Department. 
776 0 8 |i Print version:  |a Mecagni, Mauro.  |t Persistence of capital account crises.  |d [Washington, DC] : International Monetary Fund, ©2009  |w (OCoLC)601637112 
830 0 |a IMF working paper ;  |v WP/09/103. 
856 4 0 |u https://ebookcentral.proquest.com/lib/holycrosscollege-ebooks/detail.action?docID=1608293  |y Click for online access 
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