Monetary Policy and Public Finances: Inflation Targets in a New Perspective

International Monetary Fund. Research Dept.

doi:10.5089/9781451973686.024.A004

IMF Staff papers, Volume 46 No. 3

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Volume:: 46
Series:: IMF Staff Papers
Author(s):: International Monetary Fund. Research Dept.
Publisher:: INTERNATIONAL MONETARY FUND
Published Date:: January 1999
DOI:: http://dx.doi.org/10.5089/9781451973686.024
ISBN:: 9781451973686
ISSN:: 1020-7635
Page:: 104

This paper examines determinants and leading indicators of banking crises. The paper examines episodes of banking system distress and crisis in a large sample of countries to identify which macroeconomic and financial variables can be useful leading indicators. The best warning signs of the recent Asian crises were proxies for the vulnerability of the banking and corporate sector. Full-blown banking crises are shown to be associated more with external developments, and domestic variables are the main leading indicators of severe but contained banking distress.

Staff Papers Vol 46 No 3 (September 1999)

Article

Monetary Policy and Public Finances: Inflation Targets in a New Perspective

Author(s):: International Monetary Fund. Research Dept.
Published Date:: January 1999

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IMF Staff papers, Volume 46 No. 3

Monetary Policy and Public Finances: Inflation Targets in a New Perspective

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