The Economic Crises of the Last Two Decades - Ignored Warnings
Analyzing the evolution of emerging economies, with their openness to foreign investments and increasing country risk, there is in the same time a high degree of international spread of crises. Unsustainable macroeconomic policies, the fragile financial system and disorderly capital account liberalization are factors that have contributed to facilitate rapid propagation of crisis on these economies through various channels.
References listed on IDEAS
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- Roberto Chang & Andrés Velasco, 2000.
"Liquidity Crises in Emerging Markets: Theory and Policy,"
NBER Chapters,in: NBER Macroeconomics Annual 1999, Volume 14, pages 11-78
National Bureau of Economic Research, Inc.
- Roberto Chang & Andres Velasco, 1999. "Liquidity crises in emerging markets: Theory and policy," FRB Atlanta Working Paper 99-15, Federal Reserve Bank of Atlanta.
- Chang, R. & Velasco, A., 1999. "Liquidity Crises in Emerging Markets: Theory and Policy," Working Papers 99-14, C.V. Starr Center for Applied Economics, New York University.
- Roberto Chang & Andres Velasco, 1999. "Liquidity Crises in Emerging Markets: Theory and Policy," NBER Working Papers 7272, National Bureau of Economic Research, Inc.
- Roberto Chang & Andrés Velasco, 1999. "Liquidity Crises in Emerging Markets: Theory and Policy," Documentos de Trabajo 59, Centro de Economía Aplicada, Universidad de Chile.
- Marcelo Dabos & Maria Laura Gomez Mera, 1998. "The Tequila Banking Crisis in Argentina," Working Papers 19, Universidad de San Andres, Departamento de Economia, revised Sep 1999.
- Abbigail J. Chiodo & Michael T. Owyang, 2002. "A case study of a currency crisis: the Russian default of 1998," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 7-18. Full references (including those not matched with items on IDEAS)
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