Financial crisis
Moral Hazard Issues in Banking-BoF conference
SEMINAR - The Bank of Finland and the Centre for Economic and Policy Research are holding a conference on "Moral Hazard Issues in Banking" from Mar 15-16, 2001. A number of distinguished economists and central bankers are presenting papers. The programme…
Currency crisis in emerging markets - predictable?
RESEARCH PAPER - Brazil and Argentina are among the countries most vulnerable to a currency crisis, according to a new model developed by a Dutch central bank economist which had been flashing warning signals about Turkey back in December 2000.
Currency crises and foreign reserves-IMF paper
RESEARCH PAPER - In a new IMF working paper, economist Piti Disyatat asks how far a government will run down its currency reserves in defence of a fixed exchange rate. He also uses an optimizing model of currency crisis to determine whether or not a…
The EMS crisis in retrospect-Eichengreen
This Centre for Economic and Policy Research discussion paper by Barry Eichengreen reconsiders the 1992/3 crisis in the European Monetary System in light of its emerging market successors. That episode was a predecessor of the Mexican and Asian crises in…
Information flows during Asian crisis-BIS paper
In a BIS working paper "Information flows during the Asian crisis: Evidence from closed-end funds" Benjamin H Cohen and Eli M Remolona look at the collapse of Asian stock markets that took place over several months in 1997 and ask what information was…
Books on the Asian crisis and its aftermath
So many books have been written about the causes of the Asian financial crisis from 1997-99 and about the lessons for policymakers. We review three of these books: "Asia Falling: making sense of the Asian crisis and its aftermath," "Asia in Crisis: the…
IMF offers $10bn to ease Turkish banking crisis
The International Monetary Fund said it will provide more than $10 billion in financial support for Turkey to help ease a sharp liquidity crisis that has sent the country's interest rates soaring and depleted central bank reserves.
Financial crises in the emerging markets
A new paper just published by the Federal Reserve Bank of New York about financial crises in emerging markets and the role of the public and private sector.