Sprache:
Englisch
Seiten:
Online-Ressource (43, [8] p)
,
ill
,
28 cm
Ausgabe:
Online-Ausg. World Bank E-Library Archive Also available in print
Serie:
Policy research working paper 2174
Paralleltitel:
Burnside, Craig Prospective deficits and the Asian currency crisis
Schlagwort(e):
Banks and banking Econometric models
;
Budget deficits Econometric models
;
Financial crises Econometric models
;
Banks and banking Econometric models
;
Budget deficits Econometric models
;
Financial crises Econometric models
Kurzfassung:
The recent Asian currency crisis was caused by large prospective fiscal deficits associated with implicit bailout guarantees to failing banking systems. Absent the political will to raise taxes or cut spending, governments must resort to seignorage revenues to pay for the bailout of the banking system. In a world of forward-looking agents, this makes a currency crisis inevitable
Anmerkung:
"September 1999"--Cover
,
Includes bibliographical references (p. 40-42)
,
Also available in print.
URL:
Volltext
(Deutschlandweit zugänglich)
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