An edition of Prospective deficits and the Asian currency crisis
(1998)
Prospective deficits and the Asian currency crisis
by Craig Burnside
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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.
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| Edition | Availability |
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1
Prospective deficits and the Asian currency crisis
1999, World Bank, Development Research Group, Macroeconomics and Growth
in English
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2
Prospective deficits and the Asian currency crisis
1998, National Bureau of Economic Research
in English
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Book Details
Edition Notes
"October 1998."
JEL no. F31.
Includes bibliographical references (p. 42-44).
Electronic access limited to Binghamton University faculty, staff and students for instructional and research purposes only.
Electronic version available via the Internet at the NBER World Wide Web site.
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| December 4, 2020 | Edited by MARC Bot | import existing book |
| January 31, 2010 | Edited by WorkBot | add more information to works |
| December 9, 2009 | Created by WorkBot | add works page |