Download Any Book Current Account Reversals and Currency Crisis

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Current Account Reversals and Currency Crisis High quality books

Current Account Reversals and Currency Crisis
By:Mr. Gian-Maria Milesi-Ferretti,Assaf Razin
Published on 1998-06-01 by International Monetary Fund

This paper studies large reductions in current account deficits and exchange rate depreciations in low- and middle-income countries. It examines which factors help predict the occurrence of a reversal or a currency crisis, and how these events affect macroeconomic performance. Both domestic factors, such as the low reserves, and external factors, such as unfavorable terms of trade, are found to trigger reversals and currency crises. The two types of events are, however, distinct; an exchange rate crash is associated with a fall in output growth and a recovery thereafter, while for reversals there is no systematic evidence of a growth slowdown.

This Book was ranked at 12 by Google Books for keyword Currency.

Book ID of Current Account Reversals and Currency Crisis's Books is 8ET-uUycdkUC, Book which was written byMr. Gian-Maria Milesi-Ferretti,Assaf Razinhave ETAG "O1xElgWcw7g"

Book which was published by International Monetary Fund since 1998-06-01 have ISBNs, ISBN 13 Code is 9781451897159 and ISBN 10 Code is 1451897154

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