"Original Sin," Balance Sheet Crises, and the Roles of International Lending

"Original Sin," Balance Sheet Crises, and the Roles of International Lending
We present a stylized framework which encompasses a variety of "balance sheet approaches" to currency crises that have been suggested in the literature, and analyze their policy implications. The common theme is that currency and maturity mismatches in private sector balance sheets constrain the capacity of monetary and fiscal policies to deal... READ MORE...

Publication date: December 2002
ISBN 9781451875638
$15.00

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