Measuring Potential Vulnerabilities In Emerging Market Economies

Author : John Hawkins
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.87/5 ( download)

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Download or read book Measuring Potential Vulnerabilities in Emerging Market Economies written by John Hawkins and published by . This book was released on 2000 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper describes some experiments with the construction of relatively simple indices which summarise in a systematic and objective way information about emerging economies currently under pressure in financial markets and those vulnerable to such pressure in the future. A survey of the literature suggests financial crises are typically preceded by overvalued exchange rates, inadequate international reserves, recessions and excessive credit growth. These indicators and others, such as short-term external debt, which appear more important in recent crises are included in the summary indices of vulnerability. The vulnerability indices are shown to have modest predictive power for the pressure index but are far from conclusive in themselves.

Author : Mr.Christian B. Mulder
Publisher : International Monetary Fund
ISBN 13 : 1451851146
Total Pages : 42 pages
Book Rating : 4.44/5 ( download)

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Download or read book External Vulnerability in Emerging Market Economies written by Mr.Christian B. Mulder and published by International Monetary Fund. This book was released on 1999-07-01 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the factors behind the 1994 and 1997 crises and whether these can explain the 1998 crisis. The study reveals that: (i) variables used in an Early Warning System model developed by IMF staff scored well in predicting the 1998 crisis out-of-sample; (ii) all three crisis episodes can be well explained by a parsimonious set of core fundamentals and liquidity related variables; and (iii) the presence of an IMF-supported program significantly reduced the depth of crises. The results suggest that as a rule of thumb countries should hold reserves to the tune of short-term debt to avoid contagion-related crises, provided their current deficits are modest and their real effective exchange rates are not significantly misaligned.

Author : Morris Goldstein
Publisher : Peterson Institute
ISBN 13 : 9780881322378
Total Pages : 166 pages
Book Rating : 4.77/5 ( download)

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Download or read book Assessing Financial Vulnerability written by Morris Goldstein and published by Peterson Institute. This book was released on 2000 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study reviews the literature on the origins of currency and banking crises. It presents empirical tests on the performance of alternative early-warning indicators for emerging-market economies. The book also identifies crisis-threshold values for early-warning indicators.

Author : John Hawkins
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.84/5 ( download)

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Download or read book Measuring Popential Vulnerabilities in Emerging Market Economies written by John Hawkins and published by . This book was released on 2000 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Tatjana Dahlhaus
Publisher :
ISBN 13 :
Total Pages : 26 pages
Book Rating : 4.11/5 ( download)

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Download or read book Assessing Vulnerabilities in Emerging-market Economies written by Tatjana Dahlhaus and published by . This book was released on 2018 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : MissMali Chivakul
Publisher : International Monetary Fund
ISBN 13 : 1455209376
Total Pages : 36 pages
Book Rating : 4.78/5 ( download)

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Download or read book The Impact of the Great Recession on Emerging Markets written by MissMali Chivakul and published by International Monetary Fund. This book was released on 2010-10-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the impact of the recent global crisis on emerging market economies (EMs). Our cross-country analysis shows that the impact of the crisis was more pronounced in those EMs that had initial weaker fundamentals and greater financial and trade linkages. This effect is observed along a number of dimensions, such as growth, stock market performance, sovereign spreads, and credit growth. This paper also shows that during this crisis, pre-crisis reserve holdings helped to mitigate the initial growth collapse. This finding contrasts with other studies that fail to find a significant relationship between reserves and the growth decline. This paper argues that our preferred measure of impact is a more accurate reflection of the true impact of the crisis on EMs.

Author : Mr.Richard Hemming
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 132 pages
Book Rating : 4.8Y/5 ( download)

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Download or read book Fiscal Vulnerability and Financial Crises in Emerging Market Economies written by Mr.Richard Hemming and published by International Monetary Fund. This book was released on 2003-05-23 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent crises in Argentina and Turkey illustrate the continuing importance of fiscal problems in precipitating financial crises, and whatever their cause, financial crises always have important fiscal dimensions. market economies, particularly with regards to the fiscal causes of crises; fiscal vulnerability indicators which can help to predict crises; whether fiscal variables explain the severity of crises; and the fiscal consequences of crises. The study uses a large set of fiscal variables for 29 emerging market economies over the period 1970-2000; as well as detailed case studies of 11 recent crises in emerging market economies to examine some of the structural and institutional dimensions of fiscal vulnerability.

Author : Matthieu Bussière
Publisher :
ISBN 13 :
Total Pages : 41 pages
Book Rating : 4.47/5 ( download)

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Download or read book External Vulnerability in Emerging Market Economies written by Matthieu Bussière and published by . This book was released on 2006 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the factors behind the 1994 and 1997 crises and whether these can explain the 1998 crisis. The study reveals that: (i) variables used in an Early Warning System model developed by IMF staff scored well in predicting the 1998 crisis out-of-sample; (ii) all three crisis episodes can be well explained by a parsimonious set of core fundamentals and liquidity related variables; and (iii) the presence of an IMF-supported program significantly reduced the depth of crises.

Author : Otaviano Canuto
Publisher : World Bank Publications
ISBN 13 : 1464800030
Total Pages : 307 pages
Book Rating : 4.30/5 ( download)

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Download or read book Dealing with the Challenges of Macro Financial Linkages in Emerging Markets written by Otaviano Canuto and published by World Bank Publications. This book was released on 2013-10-29 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with the challenges of macro financial linkages in the emerging markets.

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
ISBN 13 : 1498324029
Total Pages : 109 pages
Book Rating : 4.21/5 ( download)

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Download or read book Global Financial Stability Report, October 2019 written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2019-10-16 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt: The October 2019 Global Financial Stability Report (GFSR) identifies the current key vulnerabilities in the global financial system as the rise in corporate debt burdens, increasing holdings of riskier and more illiquid assets by institutional investors, and growing reliance on external borrowing by emerging and frontier market economies. The report proposes that policymakers mitigate these risks through stricter supervisory and macroprudential oversight of firms, strengthened oversight and disclosure for institutional investors, and the implementation of prudent sovereign debt management practices and frameworks for emerging and frontier market economies.