Currency Crises and the Real Economy : The Role of Banks

The Role of Banks

Currency Crises and the Real Economy : The Role of Banks
This paper shows that the quality of banks within each country is one of the important factors that can account for the fact that developing economies tend to suffer more severe output contractions in the wake of a currency crisis than more mature economies. In particular, countries with a banking sector whose balance sheets are healthy, in... READ MORE...

Publication date: May 2001
ISBN 9781451846843
$15.00

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