Current account and external financing: an introduction

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dc.contributor.authorCowan, Kevin, 1970-
dc.contributor.authorEdwards, Sebastián, 1953-
dc.contributor.authorValdés, Rodrigo
dc.date.accessioned2019-11-01T00:04:06Z
dc.date.available2019-11-01T00:04:06Z
dc.date.issued2008
dc.descriptionEconomic 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.
dc.file.nameBCCh-sbc-v12-p001_023
dc.format.pdf
dc.format.extentSección o Parte de un Documento
dc.format.mediump. 01-23
dc.identifier.isbn978-956-7421-30-5
dc.identifier.urihttps://hdl.handle.net/20.500.12580/3731
dc.language.isoeng
dc.publisherBanco Central de Chile
dc.relation.ispartofSeries on Central Banking, Analysis, and Economic Policies, no. 12
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/cl/*
dc.subjectBALANZA DE PAGOSes_ES
dc.subjectCRISIS ECONÓMICA 1998es_ES
dc.subjectAHORRO E INVERSIÓNes_ES
dc.titleCurrent account and external financing: an introduction
dc.type.docArtículo

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