Series: IMF Working Papers
Author(s): Piti Disyatat
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 2001
Keywords: currency crisis, foreign currency debt, balance sheet, banking, balance sheet effect, banking sector, currency crises, Financial Markets and the Macroeconomy, Monetary Policy, Central Banking
This paper shows that the quality of banks within each country is one of the important factors that can account for the fact that developing economies tend to suffer more severe output contractions in the wake of a...