Series: IMF Working Papers
Author(s): Brad Setser , Nouriel Roubini , Christian Keller , Mark Allen , and Christoph Rosenberg
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 2002
Keywords: Emerging markets, Financial crisis, International financial markets, National balance sheets, IMF policy, exchange rate, currency risk, foreign exchange, external debt, balance of payments
The paper lays out an analytical framework for understanding crises in emerging markets based on examination of stock variables in the aggregate balance sheet of a country and the balance sheets of its main sectors...