Varieties of Capital-Market Crises

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dc.creator Calvo, Guillermo A. 2010-12-06T23:31:20Z 2010-12-06T23:31:20Z 1995-08-01 1995-08-01 2013-12-29T10:57:40Z 2014-09-08T21:56:28Z 2014-09-08T21:56:28Z 2014-09-08
dc.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.
dc.format 22
dc.format ACROBAT
dc.language en
dc.relation Working Paper Series; 306
dc.subject Fiscal management
dc.subject Gestión fiscal
dc.subject Crises Financeiras e Estabilização Econômica
dc.subject Financial Crises & Economic Stabilization
dc.subject Crisis financieras y estabilización económica
dc.subject Financial Markets
dc.subject Mercados financieros
dc.subject Krugman's model
dc.subject domestic debt
dc.subject fiscal deficit
dc.subject Talvi effects
dc.subject speculative attacks
dc.subject WP-306
dc.title Varieties of Capital-Market Crises
dc.type Working Papers

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