Current account and external financing: an introduction
Economic analysts were surprised by the collapse of the Thai baht in July 1997. In the months that followed, most of the so-called East Asian Tigers faced severe balance-of-payments crises, and a year later, in August 1998, the Russian ruble was devalued. As a result of this succession of crises, th...
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Banco Central de Chile
2019
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oai-20.500.12580-37312021-04-24T11:00:56Z Current account and external financing: an introduction Cowan, Kevin, 1970- Edwards, Sebastián, 1953- Valdés, Rodrigo BALANZA DE PAGOS CRISIS ECONÓMICA 1998 AHORRO E INVERSIÓN Economic analysts were surprised by the collapse of the Thai baht in July 1997. In the months that followed, most of the so-called East Asian Tigers faced severe balance-of-payments crises, and a year later, in August 1998, the Russian ruble was devalued. As a result of this succession of crises, the economics profession rethought many of its views on macroeconomic management. Lessons were drawn from the experience, and policy blueprints for avoiding future crises were developed. One of the key issues that emerged from the discussion is whether international capital markets are a source of stable and reliable financing, reacting optimally to changing global saving and investment patterns and conditions in emerging market economies, or whether they are a source of instability for these economies. 2019-11-01T00:04:06Z 2019-11-01T00:04:06Z 2008 Artículo 978-956-7421-30-5 https://hdl.handle.net/20.500.12580/3731 eng Series on Central Banking, Analysis, and Economic Policies, no. 12 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 01-23 application/pdf Banco Central de Chile |
| institution |
Banco Central |
| collection |
Banco Central |
| language |
eng |
| topic |
BALANZA DE PAGOS CRISIS ECONÓMICA 1998 AHORRO E INVERSIÓN |
| spellingShingle |
BALANZA DE PAGOS CRISIS ECONÓMICA 1998 AHORRO E INVERSIÓN Cowan, Kevin, 1970- Edwards, Sebastián, 1953- Valdés, Rodrigo Current account and external financing: an introduction |
| description |
Economic analysts were surprised by the collapse of the Thai baht in July 1997. In the months that followed, most of the so-called East Asian Tigers faced severe balance-of-payments crises, and a year later, in August 1998, the Russian ruble was devalued. As a result of this succession of crises, the economics profession rethought many of its views on macroeconomic management. Lessons were drawn from the experience, and policy blueprints for avoiding future crises were developed. One of the key issues that emerged from the discussion is whether international capital markets are a source of stable and reliable financing, reacting optimally to changing global saving and investment patterns and conditions in emerging market economies, or whether they are a source of instability for these economies. |
| format |
Artículo |
| author |
Cowan, Kevin, 1970- Edwards, Sebastián, 1953- Valdés, Rodrigo |
| author_facet |
Cowan, Kevin, 1970- Edwards, Sebastián, 1953- Valdés, Rodrigo |
| author_sort |
Cowan, Kevin, 1970- |
| title |
Current account and external financing: an introduction |
| title_short |
Current account and external financing: an introduction |
| title_full |
Current account and external financing: an introduction |
| title_fullStr |
Current account and external financing: an introduction |
| title_full_unstemmed |
Current account and external financing: an introduction |
| title_sort |
current account and external financing: an introduction |
| publisher |
Banco Central de Chile |
| publishDate |
2019 |
| url |
https://hdl.handle.net/20.500.12580/3731 |
| work_keys_str_mv |
AT cowankevin1970 currentaccountandexternalfinancinganintroduction AT edwardssebastian1953 currentaccountandexternalfinancinganintroduction AT valdesrodrigo currentaccountandexternalfinancinganintroduction |
| _version_ |
1718346234767343616 |