• Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
International Finance Discussion Papers

International Finance Discussion Papers

Paperback

AccountingBusiness GeneralInvesting & Finance

ISBN10: 1025150872
ISBN13: 9781025150871
Publisher: Hutson Street Press
Published: May 22 2025
Pages: 32
Weight: 0.13
Height: 0.07 Width: 6.14 Depth: 9.21
Language: English

In the wake of the ERM and Mexican currency crises, the subject of balance-of-payments crises has come to the forefront of academic and policy discussions. This paper focuses on the potential links between banking and balance-of-payments crises. We examine these episodes for a large number of countries and find that knowing that there are banking problems helps in predicting balance-of-payments crises, but the converse is not true; financial liberalization usually predates banking crises, indeed, it helps predict them. Rather than a causal relationship from banking to balance-of-payments crises, the macroeconomic stylized facts that characterize these episodes point to common causes.

15 different editions

Also available

Also in

Investing & Finance