Varieties of Capital-Market Crises

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Varieties of Capital-Market Crises

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Title: Varieties of Capital-Market Crises
Author: Calvo, Guillermo A.
Description: In this post-modern world of high capital mobility, countries are being disciplined by the anonymous capital market. One view of the situation -perhaps the prevalent view among economists- is that Wall Street gets into your hair because you are running an unsustainable economic program and crises are bound to happen. A polar view is that countries are at the mercy of the capital market. This paper attempts to bring these views under one roof, putting special emphasis on balance-of-payment crises.
URI: http://saber-prueba.ucab.edu.ve:8080/xmlui/handle/123456789/15500
Date: 2014-09-08

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