The Role of Corporate, Legal and Macroeconomic Balance Sheet Indicators in Crisis Detection and Prevention »
Series: IMF Working Papers
Author(s): Manuel De la Rocha , Roberto Perrelli , and Christian Mulder
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2002
Keywords: External Vulnerability, Balance Sheet Effects, Corporate Sector, short-term debt, pre-crisis, currency crisis, International Lending and Debt Problems, International Policy Coordination and Transmission, General Financial Markets: Government Policy and Regulation, Corporate Indicators
This study tests the recent balance sheet explanations of external crises in emerging market countries and the role of standards in these crises. Using several unique data sets, it finds that corporate sector balan...