External Liabilities and Crises

WP/13/113

External Liabilities and Crises
We examine the determinants of external crises, focusing on the role of foreign liabilities and their composition. Using a variety of statistical tools and comprehensive data spanning 1970-2011, we find that the ratio of net foreign liabilities (NFL) to GDP is a significant crisis predictor, and the more so when it exceeds 50 percent in absolute... READ MORE...

Publication date: May 2013
ISBN 9781484315910
$18.00

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Publication date: May 2013

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Publication date: May 2013

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