An edition of Prospective deficits and the Asian currency crisis (1998)

Prospective deficits and the Asian currency crisis

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Prospective deficits and the Asian currency c ...
Craig Burnside, Craig Burnside
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Last edited by MARC Bot
December 4, 2020 | History
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An edition of Prospective deficits and the Asian currency crisis (1998)

Prospective deficits and the Asian currency crisis

by

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.

Publish Date
Publisher
World Bank, Development Research Group, Macroeconomics and Growth
Language
English
Pages
43

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Subjects

Econometric models, Financial crises, Budget deficits, Bank reserves, Foreign exchange rates, Bank failures, Government policy, Banks and banking

Places

Asia
Edition Availability
Cover of: Prospective deficits and the Asian currency crisis
Prospective deficits and the Asian currency crisis
1999, World Bank, Development Research Group, Macroeconomics and Growth
in English
Cover of: Prospective deficits and the Asian currency crisis
Prospective deficits and the Asian currency crisis
1998, National Bureau of Economic Research
in English

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Book Details

Edition Notes

Includes bibliographical references (p. 40-42).
"September 1999"--Cover.
Also available on the World Wide Web.

Published in
Washington, DC
Series
Policy research working paper ;, 2174, Policy research working papers ;, 2174.

Classifications

Library of Congress
HG3881.5.W57 P63 no. 2174

The Physical Object

Pagination
43, [8] p. :
Number of pages
43

ID Numbers

Open Library
OL3961979M
LCCN
2001265298
OCLC/WorldCat
42346341

Source records

Library of Congress MARC record

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History

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December 4, 2020 Edited by MARC Bot import existing book
December 14, 2009 Edited by WorkBot link works
December 14, 2009 Edited by WorkBot link works
October 29, 2008 Edited by ImportBot add URIs from original MARC record
April 1, 2008 Created by an anonymous user Imported from Scriblio MARC record