This file is part of IDEAS , which uses RePEc data
[ Papers |
Articles |
Software |
Books |
Chapters |
Authors |
Institutions |
JEL Classification |
NEP reports |
Search |
New papers by email |
Author registration |
Rankings |
Volunteers |
FAQ |
Blog |
Help! ]
The Asian Liquidity Crisis Author info | Abstract | Publisher info | Download info | Related research | Statistics Velasco, A.
Chang, R.
Additional information is available for the following
registered author(s):
A country's financial system is internationally illiquid if its potential short term obligations in foreign currency exceed the amount of foreign currency it can have access to in short notice. This condition may be crucial for the existence of financial crises and/or exchange rate collapses (Chang and Velasc 1998a, b). In this paper we argue that the 1997-98 crises in Asia were in fact a consequence of international illiquidity.
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page . Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Paper provided by C.V. Starr Center for Applied Economics, New York University in its series Working Papers with number
98-27.
Download reference. The following formats are available: HTML
(with abstract ),
plain text
(with abstract ),
BibTeX ,
RIS (EndNote, RefMan, ProCite),
ReDIF
Length: 59 pages
Date of creation: 1998Date of revision:
Handle: RePEc:cvs:starer:98-27Contact details of provider: Postal: C.V. Starr Center, Department of Economics, New York University, 19 W. 4th Street, 6th Floor, New York, NY 10012 Phone: (212) 998-8936 Fax: (212) 995-3932 Web page: http://econ.as.nyu.edu/object/econ.cvstarr.html More information through EDIRC
Order Information: Postal: C.V. Starr Center, Department of Economics, New York University, 19 W. 4th Street, 6th Floor, New York, NY 10012 Email:
For technical questions regarding this item, or to correct its listing, contact: (Anne Stubing).
Keywords: LIQUIDITY ; BANKS ; CURRENCIES ; MONETARY CRISIS ; Other versions of this item:
Find related papers by JEL classification: F3 - International Economics - - International Finance E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit G2 - Financial Economics - - Financial Institutions and Services
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.:
Roberto Chang & Andres Velasco, 1998.
"Financial crises in emerging markets: a canonical model ,"
Working Paper
98-10, Federal Reserve Bank of Atlanta.
[Downloadable!]
Other versions: Diaz-Alejandro, Carlos, 1985.
"Good-bye financial repression, hello financial crash ,"
Journal of Development Economics ,
Elsevier, vol. 19(1-2), pages 1-24.
[Downloadable!] (restricted)
Graciela L. Kaminsky & Carmen M. Reinhart, 1996.
"The twin crises: the causes of banking and balance-of-payments problems ,"
International Finance Discussion Papers
544, Board of Governors of the Federal Reserve System (U.S.).
[Downloadable!]
Other versions:
Reinhart, Carmen & Kaminsky, Graciela, 1999.
"The twin crises: The causes of banking and balance of payments problems ,"
MPRA Paper
14081, University Library of Munich, Germany.
[Downloadable!] Graciela L. Kaminsky & Carmen M. Reinhart, 1999.
"The Twin Crises: The Causes of Banking and Balance-of-Payments Problems ,"
American Economic Review ,
American Economic Association, vol. 89(3), pages 473-500, June.
[Downloadable!] (restricted) Diamond, Douglas W, 1997.
"Liquidity, Banks, and Markets ,"
Journal of Political Economy ,
University of Chicago Press, vol. 105(5), pages 928-56, October.
Other versions: Corsetti, G. & Pesenti, P. & Roubini, N., 1998.
"What Caused the Asian Currency and Financial Crisis? ,"
Papers
343, Banca Italia - Servizio di Studi.
Other versions: Michael Gavin & Ricardo Hausmann, 1996.
"The Roots of Banking Crises: The Macroeconomic Context ,"
RES Working Papers
4026, Inter-American Development Bank, Research Department.
[Downloadable!]
Roberto Chang & Andres Velasco, 1998.
"Financial Fragility and the Exchange Rate Regime ,"
NBER Working Papers
6469, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Other versions:
Chang, R. & Velasco, A., 1998.
"Financial Fragility and the Exchange Rate Regime ,"
Working Papers
98-05, C.V. Starr Center for Applied Economics, New York University.
[Downloadable!] Roberto Chang & Andres Velasco, 1997.
"Financial fragility and the exchange rate regime ,"
Working Paper
97-16, Federal Reserve Bank of Atlanta.
[Downloadable!] Chang, Roberto & Velasco, Andres, 2000.
"Financial Fragility and the Exchange Rate Regime ,"
Journal of Economic Theory ,
Elsevier, vol. 92(1), pages 1-34, May.
[Downloadable!] (restricted) Jeffrey Sachs & Aaron Tornell & Andres Velasco, 1996.
"The Mexican Peso Crisis: Sudden Death or Death Foretold? ,"
NBER Working Papers
5563, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Other versions:
Sachs, J. & Tornell, A. & Velasco, A., 1996.
"The Mexican Peso Crisis: Sudden Death or Death Foretold? ,"
Working Papers
96-20, C.V. Starr Center for Applied Economics, New York University.
[Downloadable!] Jeffrey Sachs & Aaron Tornell & Andres Velasco, 1996.
"The Mexican Peso Crisis: Sudden Death or Death Foretold? ,"
Harvard Institute of Economic Research Working Papers
1760, Harvard - Institute of Economic Research.
Sachs, Jeffrey & Tornell, Aaron & Velasco, Andres, 1996.
"The Mexican peso crisis: Sudden death or death foretold? ,"
Journal of International Economics ,
Elsevier, vol. 41(3-4), pages 265-283, November.
[Downloadable!] (restricted) Frankel, Jeffrey A. & Rose, Andrew K., 1996.
"Currency crashes in emerging markets: An empirical treatment ,"
Journal of International Economics ,
Elsevier, vol. 41(3-4), pages 351-366, November.
[Downloadable!] (restricted)
Other versions: Ilan Goldfajn & Rodrigo O. Valdés, 1997.
"Capital Flows and the Twin Crises : The Role of Liquidity ,"
IMF Working Papers
97/87, International Monetary Fund.
George A. Akerlof & Paul M. Romer, 1993.
"Looting: The Economic Underworld of Bankruptcy for Profit ,"
Brookings Papers on Economic Activity ,
Economic Studies Program, The Brookings Institution, vol. 24(1993-2), pages 1-74.
[Downloadable!]
Maurice Obstfeld, 1994.
"The Logic of Currency Crises ,"
NBER Working Papers
4640, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Guillermo A. Calvo & Enrique G. Mendoza, 1996.
"Mexico's balance-of-payments crisis: a chronicle of death foretold ,"
International Finance Discussion Papers
545, Board of Governors of the Federal Reserve System (U.S.).
[Downloadable!]
Other versions: Krugman, Paul, 1979.
"A Model of Balance-of-Payments Crises ,"
Journal of Money, Credit and Banking ,
Blackwell Publishing, vol. 11(3), pages 311-25, August.
[Downloadable!] (restricted)
Roberto Chang & Andres Velasco, 1998.
"Financial Crises in Emerging Markets ,"
NBER Working Papers
6606, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Rudger Dornbusch & Ilan Goldfajn & Rodrigo O. Valdés, 1995.
"Currency Crises and Collapses ,"
Brookings Papers on Economic Activity ,
Economic Studies Program, The Brookings Institution, vol. 26(1995-2), pages 219-294.
[Downloadable!]
Steven Radelet & Jeffrey Sachs, 1998.
"The Onset of the East Asian Financial Crisis ,"
NBER Working Papers
6680, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.) This item has more than 25 citations. To prevent cluttering this page, these citations are listed on a separate page .
Access and
download statistics Did you know? RePEc stands for Research Papers in Economics.
This page was last updated on 2009-10-28.
This information is provided to you by IDEAS at the Department of Economics , College of Liberal Arts and Sciences , University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics .