Varieties of Capital-Market Crises
In this post-modern world of high capital mobility, countries are being disciplined by the anonymous capital market. One view of the situation -perhaps the prevalent view among economists- is that Wall Street gets into your hair because you are running an unsustainable economic program and crises are bound to happen. A polar view is that countries are at the mercy of the capital market. This paper attempts to bring these views under one roof, putting special emphasis on balance-of-payment crises.
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| Format: | Working Papers biblioteca |
| Language: | English |
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Inter-American Development Bank
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| Subjects: | Fiscal Management, Financial Crisis and Structural Adjustement, Financial Market, WP-306;speculative attacks;domestic debt;fiscal deficit;Talvi effects;Krugman's model, |
| Online Access: | http://dx.doi.org/10.18235/0011612 https://publications.iadb.org/en/varieties-capital-market-crises |
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dig-bid-node-120102024-05-30T20:30:06ZVarieties of Capital-Market Crises 1995-08-01T00:00:00+0000 http://dx.doi.org/10.18235/0011612 https://publications.iadb.org/en/varieties-capital-market-crises Inter-American Development Bank Fiscal Management Financial Crisis and Structural Adjustement Financial Market WP-306;speculative attacks;domestic debt;fiscal deficit;Talvi effects;Krugman's model In this post-modern world of high capital mobility, countries are being disciplined by the anonymous capital market. One view of the situation -perhaps the prevalent view among economists- is that Wall Street gets into your hair because you are running an unsustainable economic program and crises are bound to happen. A polar view is that countries are at the mercy of the capital market. This paper attempts to bring these views under one roof, putting special emphasis on balance-of-payment crises. Inter-American Development Bank Guillermo A. Calvo Working Papers application/pdf IDB Publications The Caribbean Central America South America en |
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Estados Unidos |
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| component |
Bibliográfico |
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En linea |
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| tag |
biblioteca |
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America del Norte |
| libraryname |
Biblioteca Felipe Herrera del BID |
| language |
English |
| topic |
Fiscal Management Financial Crisis and Structural Adjustement Financial Market WP-306;speculative attacks;domestic debt;fiscal deficit;Talvi effects;Krugman's model Fiscal Management Financial Crisis and Structural Adjustement Financial Market WP-306;speculative attacks;domestic debt;fiscal deficit;Talvi effects;Krugman's model |
| spellingShingle |
Fiscal Management Financial Crisis and Structural Adjustement Financial Market WP-306;speculative attacks;domestic debt;fiscal deficit;Talvi effects;Krugman's model Fiscal Management Financial Crisis and Structural Adjustement Financial Market WP-306;speculative attacks;domestic debt;fiscal deficit;Talvi effects;Krugman's model Inter-American Development Bank Varieties of Capital-Market Crises |
| description |
In this post-modern world of high capital mobility, countries are being disciplined by the anonymous capital market. One view of the situation -perhaps the prevalent view among economists- is that Wall Street gets into your hair because you are running an unsustainable economic program and crises are bound to happen. A polar view is that countries are at the mercy of the capital market. This paper attempts to bring these views under one roof, putting special emphasis on balance-of-payment crises. |
| author2 |
Guillermo A. Calvo |
| author_facet |
Guillermo A. Calvo Inter-American Development Bank |
| format |
Working Papers |
| topic_facet |
Fiscal Management Financial Crisis and Structural Adjustement Financial Market WP-306;speculative attacks;domestic debt;fiscal deficit;Talvi effects;Krugman's model |
| author |
Inter-American Development Bank |
| author_sort |
Inter-American Development Bank |
| title |
Varieties of Capital-Market Crises |
| title_short |
Varieties of Capital-Market Crises |
| title_full |
Varieties of Capital-Market Crises |
| title_fullStr |
Varieties of Capital-Market Crises |
| title_full_unstemmed |
Varieties of Capital-Market Crises |
| title_sort |
varieties of capital-market crises |
| publisher |
Inter-American Development Bank |
| url |
http://dx.doi.org/10.18235/0011612 https://publications.iadb.org/en/varieties-capital-market-crises |
| work_keys_str_mv |
AT interamericandevelopmentbank varietiesofcapitalmarketcrises |
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1806237054128881664 |