Skip navigation
2
0

Attachments [ 0 ]

There are no files associated with this item.

More Details

2007
INTERNATIONAL MONETARY FUND
INTERNATIONAL MONETARY FUND
1018-5941 | 2227-8885
EPUB
Working Paper No. 07/258
9781452771298 | 9781451912746 | 9781452771298 | 9781462352791

This paper examines the duration of capital account crises. We develop a new index to identify both the start and the end of these crises. Applying the index to a sample of 18 crisis episodes, we derive stylized facts on crisis duration and review the economic and financial circumstances that prevailed at the dusk of crises, a relatively unexplored area. We use the econometric technique of duration analysis to gauge the relative importance of various factors affecting the probability of exiting a crisis. We find that initial and external conditions are key determinants. But fiscal and monetary policies can also help shorten crisis duration.

Comments

(Leave your comments here about this item.)

Item Analytics

Select desired time period