Fiscal vulnerability and financial crises in emerging market economies

Author(s)

• Hemming, Richard
• Kell, Michael
• Schimmelpfennig, Axel
• International Monetary Fund

Bibliographic Information

Fiscal vulnerability and financial crises in emerging market economies

Richard Hemming, Michael Kell, and Axel Schimmelpfennig

（Occasional paper / International Monetary Fund, 218）

International Monetary Fund, 2003

Note

Includes bibliographical references (p. 119-122)

Description and Table of Contents

Description

Recent crises in Argentina and Turkey illustrate the continuing importance of fiscal problems in precipitating financial crises, and whatever their cause, financial crises always have important fiscal dimensions. This paper focuses on the fiscal aspects of financial crises in emerging market economies, particularly with regards to the fiscal causes of crises; fiscal vulnerability indicators which can help to predict crises; whether fiscal variables explain the severity of crises; and the fiscal consequences of crises. The study uses a large set of fiscal variables for 29 emerging market economies over the period 1970-2000; as well as detailed case studies of 11 recent crises in emerging market economies to examine some of the structural and institutional dimensions of fiscal vulnerability.

by "Nielsen BookData"

Details

• NCID: BA62495766
• ISBN:
  • 1589061969
• Country Code: us
• Title Language Code: eng
• Text Language Code: eng
• Place of Publication: Washington, D.C.
• Pages/Volumes: vii, 124 p.
• Size: 28 cm
• Parent Bibliography ID:
  • BA00253338