Journal ArticleDOI
A Model of Balance-of-Payments Crises
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This article is published in Journal of Money, Credit and Banking.The article was published on 1979-08-01. It has received 2932 citations till now. The article focuses on the topics: Balance of payments & Currency crisis.read more
Citations
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The Twin Crises: The Causes of Banking and Balance-Of-Payments Problems
TL;DR: The authors analyzes the links between banking and currency crises and finds that problems in the banking sector typically precede a currency crisis, activating a vicious spiral; financial liberalization often precedes banking crises.
Posted Content
The twin crises: the causes of banking and balance-of-payments problems
TL;DR: This paper examined the potential links between banking and balance-of-payments crises and found that financial liberalization usually predates banking crises, indeed, it helps predict them, rather than a causal relationship from banking to balance of payments crises.
Book
Monetary Theory and Policy
TL;DR: In this article, empirical evidence on money and output is presented, including the Tobin effect and the MIU approximation problems, and a general equilibrium framework for monetary analysis is presented.
BookDOI
Leading Indicators of Currency Crises
TL;DR: In this article, the authors examine the empirical evidence on currency crises and propose a specific early warning system, which involves monitoring the evolution of several indicators that tend to exhibit unusual behavior in the periods preceding a crisis.
Journal ArticleDOI
Corporate Governance in the Asian Financial Crisis
TL;DR: In this paper, the authors explain the extent of exchange rate depreciation and stock market decline better than do standard macroeconomic measures using measures of corporate governance, particularly the effectiveness of protection for minority shareholders.
References
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Book ChapterDOI
The Exchange Rate And The Balance of Payments In The Short Run and in The Long Run: A Monetary Approach
TL;DR: The authors analyzes the role of momentary asset equilibrium and expectations in the determination of the exchange rate in the short run and the process of asset accumulation in determining the time path from momentary to long run equilibrium.
Journal ArticleDOI
A simple perfect foresight monetary model
TL;DR: In this article, the authors consider an economy in which individuals receive both a fixed endowment of real income and nominal transfer payments in the form of bills printed by the government during each period of life and develop a simple model which sharpens understanding of the forces that determine the equilibrium path of the price level and money income over time.