Financial Sector Inefficiencies and Coordinate Failures: Implications for Crisis Management
Author
Abstract
Suggested Citation
Note: IFM
Download full text from publisher
References listed on IDEAS
- Dooley, Michael P, 2000.
"A Model of Crises in Emerging Markets,"
Economic Journal, Royal Economic Society, vol. 110(460), pages 256-272, January.
- Michael P. Dooley, 1997. "A Model of Crises in Emerging Markets," NBER Working Papers 6300, National Bureau of Economic Research, Inc.
- Michael P. Dooley, 1998. "A model of crises in emerging markets," International Finance Discussion Papers 630, Board of Governors of the Federal Reserve System (U.S.).
- Pierre-Richard Agénor & Joshua Aizenman, 1998.
"Contagion and Volatility with Imperfect Credit Markets,"
IMF Staff Papers, Palgrave Macmillan, vol. 45(2), pages 207-235, June.
- Mr. Joshua Aizenman & Pierre-Richard Agénor, 1997. "Contagion and Volatility with Imperfect Credit Markets," IMF Working Papers 1997/127, International Monetary Fund.
- Pierre-Richard Agenor & Joshua Aizenman, 1997. "Contagion and Volatility with Imperfect Credit Markets," NBER Working Papers 6080, National Bureau of Economic Research, Inc.
- Maurice Obstfeld & Kenneth S. Rogoff, 1996. "Foundations of International Macroeconomics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262150476, December.
- Helpman, Elhanan, 1989.
"The Simple Analytics of Debt-Equity Swaps,"
American Economic Review, American Economic Association, vol. 79(3), pages 440-451, June.
- Elhanan Helpman, 1988. "The Simple Analytics of Debt-Equity Swaps," NBER Working Papers 2771, National Bureau of Economic Research, Inc.
- Krugman, Paul, 1988.
"Financing vs. forgiving a debt overhang,"
Journal of Development Economics, Elsevier, vol. 29(3), pages 253-268, November.
- Paul R. Krugman, 1988. "Financing vs. Forgiving a Debt Overhang," NBER Working Papers 2486, National Bureau of Economic Research, Inc.
- P.R. Agenor & J. Aizenman & A. Hoffmaister, 1998.
"Contagion, Bank Lending Spreads and Output Fluctuations,"
NBER Working Papers
6850, National Bureau of Economic Research, Inc.
- Agenor, Pierre-Richard & Aizenman, Joshua & Hoffmais, 1999. "Contagion, bank lending spreads, and output fluctuations," Policy Research Working Paper Series 2186, The World Bank.
- Jonathan Eaton & Mark Gersovitz & Joseph E. Stiglitz, 1991.
"The Pure Theory of Country Risk,"
NBER Chapters, in: International Volatility and Economic Growth: The First Ten Years of The International Seminar on Macroeconomics, pages 391-435,
National Bureau of Economic Research, Inc.
- Eaton, Jonathan & Gersovitz, Mark & Stiglitz, Joseph E., 1986. "The pure theory of country risk," European Economic Review, Elsevier, vol. 30(3), pages 481-513, June.
- Jonathan Eaton & Mark Gersovitz & Joseph E. Stiglitz, 1986. "The Pure Theory of Country Risk," NBER Working Papers 1894, National Bureau of Economic Research, Inc.
- Marcus Miller & Joseph Stiglitz, 1999. "Bankruptcy Protection Against Macroeconomics Shocks: The case for a 'super Chapter 11'," CSGR Hot Topics: Research on Current Issues 08, Centre for the Study of Globalisation and Regionalisation (CSGR), University of Warwick.
- Townsend, Robert M., 1979.
"Optimal contracts and competitive markets with costly state verification,"
Journal of Economic Theory, Elsevier, vol. 21(2), pages 265-293, October.
- Robert M. Townsend, 1979. "Optimal contracts and competitive markets with costly state verification," Staff Report 45, Federal Reserve Bank of Minneapolis.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Garita, Gus & Zhou, Chen, 2009. "Can Financial Openness Help Avoid Currency Crises?," MPRA Paper 23166, University Library of Munich, Germany, revised 07 Jun 2010.
- Gus Garita & Chen Zhou, 2009. "Can Open Capital Markets Help Avoid Currency Crises?," DNB Working Papers 205, Netherlands Central Bank, Research Department.
- Amartya Lahiri & Carlos A. Végh, 2002.
"Living with the Fear of Floating: An Optimal Policy Perspective,"
NBER Chapters, in: Preventing Currency Crises in Emerging Markets, pages 663-704,
National Bureau of Economic Research, Inc.
- Amartya Lahiri & Carlos A. Vegh, 2001. "Living with the Fear of Floating: An Optimal Policy Perspective," NBER Working Papers 8391, National Bureau of Economic Research, Inc.
- Marek Dabrowski & Malgorzata Antczak & Monika Blaszkiewicz & Malgorzata Jakubiak & Wojciech Paczynski & Marcin Sasin, 2001. "The Episodes of Currency Crisis in Latin American and Asian Economies," CASE Network Reports 0039, CASE-Center for Social and Economic Research.
- Janice Boucher Breuer, 2004. "An Exegesis on Currency and Banking Crises," Journal of Economic Surveys, Wiley Blackwell, vol. 18(3), pages 293-320, July.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Pierre-Richard Agénor & Joshua Aizenman, 2005.
"Financial sector inefficiencies and the debt Laffer curve,"
International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 10(1), pages 1-13.
- Agenor, Pierre-Richard & Aizenman, Joshua, 2002. "Financial sector inefficiencies and the debt Laffer curve," Policy Research Working Paper Series 2842, The World Bank.
- Joshua Aizenman & Stephen J. Turnovsky, 2002.
"Reserve Requirements on Sovereign Debt in the Presence of Moral Hazard -- on Debtors or Creditors?,"
Economic Journal, Royal Economic Society, vol. 112(476), pages 107-132, January.
- Joshua Aizenman & Stephen Turnovsky, 1999. "Reserve Requirements on Sovereign Debt in the Presence of Moral Hazard -- on Debtors or Creditors?," Working Papers 0044, University of Washington, Department of Economics.
- Joshua Aizenman & Stephen J. Turnovsky, 1999. "Reserve Requirements on Sovereign Debt in the Presence of Moral Hazard -- on Debtors or Creditors?," NBER Working Papers 7004, National Bureau of Economic Research, Inc.
- Joshua Aizenman & Stephen Turnovsky, 1999. "Reserve Requirements on Sovereign Debt in the Presence of Moral Hazard -- on Debtors or Creditors?," Discussion Papers in Economics at the University of Washington 0044, Department of Economics at the University of Washington.
- Agenor, Pierre-Richard & Aizenman, Joshua, 1999. "Financial sector inefficiencies and coordination failures : implications for crisis management," Policy Research Working Paper Series 2185, The World Bank.
- Pierre-Richard Agenor & Joshua Aizenman, 1998.
"Volatility and the Welfare Costs of Financial Market Integration,"
NBER Working Papers
6782, National Bureau of Economic Research, Inc.
- Agenor, Pierre-Richard & Aizenman, Joshua, 1998. "Volatility and the welfare costs of financial market integration," Policy Research Working Paper Series 1974, The World Bank.
- Aizenman, Joshua & Powell, Andrew, 2003.
"Volatility and financial intermediation,"
Journal of International Money and Finance, Elsevier, vol. 22(5), pages 657-679, October.
- Joshua Aizenman & Andrew Powell, 1997. "Volatility and Financial Intermediation," NBER Working Papers 6320, National Bureau of Economic Research, Inc.
- Agénor, Pierre-Richard & Aizenman, Joshua, 2011.
"Capital market imperfections and the theory of optimum currency areas,"
Journal of International Money and Finance, Elsevier, vol. 30(8), pages 1659-1675.
- Pierre-Richard Agenor & Joshua Aizenman, 2008. "Capital Market Imperfections and the Theory of Optimum Currency Areas," NBER Working Papers 14088, National Bureau of Economic Research, Inc.
- Agenor, Pierre-Richard & Aizenman, Joshua, 2008. "Capital Market Imperfections and the Theory of Optimum Currency Areas," Santa Cruz Department of Economics, Working Paper Series qt7668j94x, Department of Economics, UC Santa Cruz.
- Christiano, Lawrence J. & Gust, Christopher & Roldos, Jorge, 2004.
"Monetary policy in a financial crisis,"
Journal of Economic Theory, Elsevier, vol. 119(1), pages 64-103, November.
- Lawrence J. Christiano & Christopher J. Gust & Jorge E. Roldós, 2002. "Monetary policy in a financial crisis," Working Paper Series WP-02-05, Federal Reserve Bank of Chicago.
- Lawrence J. Christiano & Christopher Gust & Jorge Roldos, 2002. "Monetary Policy in a Financial Crisis," NBER Working Papers 9005, National Bureau of Economic Research, Inc.
- Lawrence J. Christiano & Christopher J. Gust & Jorge E. Roldós, 2002. "Monetary policy in a financial crisis," Working Papers (Old Series) 0204, Federal Reserve Bank of Cleveland.
- Pierre-Richard Agénor & Peter J. Montiel, 2006.
"Credit Market Imperfections and the Monetary Transmission Mechanism Part I: Fixed Exchange Rates,"
Centre for Growth and Business Cycle Research Discussion Paper Series
76, Economics, The University of Manchester.
- Pierre-Richard Agénor & Peter J. Montiel, 2006. "Credit Market Imperfections and the Monetary Transmission Mechanism Part I: Fixed Exchange Rates," Economics Discussion Paper Series 0628, Economics, The University of Manchester.
- repec:dau:papers:123456789/4089 is not listed on IDEAS
- AGENOR Pierre-Richard & IZQUIERDO Alejandro & FOFACK Hippolyte, 2010. "IMMPA: A Quantitative Macroeconomic Framework for the Analysis of Poverty Reduction Strategies," EcoMod2003 330700003, EcoMod.
- Philippe Bacchetta & Eric van Wincoop, 2000.
"Capital Flows to Emerging Markets: Liberalization, Overshooting, and Volatility,"
NBER Chapters, in: Capital Flows and the Emerging Economies: Theory, Evidence, and Controversies, pages 61-98,
National Bureau of Economic Research, Inc.
- Philippe Bacchetta & Eric van Wincoop, 1998. "Capital Flows to Emerging Markets: Liberalization, Overshooting, and Volatility," NBER Working Papers 6530, National Bureau of Economic Research, Inc.
- Philippe Bacchetta & Eric van Wincoop, 1998. "Capital flows to Emerging Markets: Liberalization, Overshooting, and Volatility," Working Papers 98.01, Swiss National Bank, Study Center Gerzensee.
- Bacchetta, Philippe & van Wincoop, Eric, 1998. "Capital Flows to Emerging Markets: Liberalization, Overshooting and Volatility," CEPR Discussion Papers 1889, C.E.P.R. Discussion Papers.
- Joshua Aizenman, 2003.
"Capital Mobility In A Second–Best World: Moral Hazard With Costly Financial Intermediation,"
Review of International Economics, Wiley Blackwell, vol. 11(1), pages 1-17, February.
- Joshua Aizenman, 1998. "Capital Mobility in a Second Best World -- Moral Hazard With Costly Financial Intermediation," NBER Working Papers 6703, National Bureau of Economic Research, Inc.
- Mr. Philip R. Lane & Mr. Gian M Milesi-Ferretti, 2000.
"External Capital Structure: Theory and Evidence,"
IMF Working Papers
2000/152, International Monetary Fund.
- Milesi-Ferretti, Gian Maria & Lane, Philip, 2000. "External Capital Structure: Theory and Evidence," CEPR Discussion Papers 2583, C.E.P.R. Discussion Papers.
- Menzie D. Chinn & Kenneth M. Kletzer, 1999.
"International capital inflows, domestic financial intermediation and financial crises under imperfect information,"
Proceedings, Federal Reserve Bank of San Francisco, issue Sep.
- Menzie D. Chinn & Kenneth M. Kletzer, 2000. "International Capital Inflows, Domestic Financial Intermediation and Financial Crises under Imperfect Information," NBER Working Papers 7902, National Bureau of Economic Research, Inc.
- Ana-Maria Fuertes & Elena Kalotychou, 2004. "Forecasting sovereign default using panel models: A comparative analysis," Computing in Economics and Finance 2004 228, Society for Computational Economics.
- Ahmet Faruk Aysan, 2006.
"The Effects of Volatility on Growth and Financial Development through Capital Market Imperfections,"
Working Papers
2006/12, Bogazici University, Department of Economics.
- Aysan, Ahmet Faruk, 2006. "The Effects of Volatility on Growth and Financial Development through Capital Market Imperfections," MPRA Paper 5486, University Library of Munich, Germany.
- Constantino J. Gode, 2001. "Sovereign Debt and Uncertainty in the Mozambican Economy," WIDER Working Paper Series DP2001-130, World Institute for Development Economic Research (UNU-WIDER).
- Hileman, Garrick, 2012. "The seven mechanisms for achieving sovereign debt sustainability," Economic History Working Papers 42878, London School of Economics and Political Science, Department of Economic History.
- Imbs, Jean & Rancière, Romain, 2005.
"The Overhang Hangover,"
CEPR Discussion Papers
5210, C.E.P.R. Discussion Papers.
- Imbs, Jean & Ranciere, Romain, 2006. "The Overhang Hangover," CEPREMAP Working Papers (Docweb) 0604, CEPREMAP.
- Jean Imbs & Romain Rancière, 2015. "The Overhang Hangover," Working Papers 219, Barcelona School of Economics.
- Jean Imbs & Romain Rancière, 2005. "The overhang hangover," Economics Working Papers 878, Department of Economics and Business, Universitat Pompeu Fabra.
- Imbs, Jean & Ranciere, Romain, 2005. "The overhang hangover," Policy Research Working Paper Series 3673, The World Bank.
- Jean Imbs & Romain Rancière, 2006. "The Overhang Hangover," Swiss Finance Institute Research Paper Series 06-03, Swiss Finance Institute.
- Plaut, Steven E. & Melnik, Arie L., 2003. "International institutional lending arrangements to sovereign borrowers," Journal of International Money and Finance, Elsevier, vol. 22(4), pages 459-481, August.
- Luis Catão & Sandeep Kapur, 2006. "Volatility and the Debt-Intolerance Paradox," IMF Staff Papers, Palgrave Macmillan, vol. 53(2), pages 1-1.
More about this item
JEL classification:
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
- F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
NEP fields
This paper has been announced in the following NEP Reports:- NEP-FIN-2000-01-11 (Finance)
- NEP-IFN-2000-01-11 (International Finance)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nbr:nberwo:7446. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/nberrus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.