- Brad Setser, Ioannis Halikias, Alexander Pitt, Christoph Rosenberg, Brett House, Jens Nystedt, and Christian Keller
- Published Date:
- October 2005
Aghion, Philippe, PhilippeBacchetta, and AbhijitBanerjee,2000, “A Simple Model of Monetary Policy and Currency Crises,” European Economic Review, Vol. 44 (May), pp. 728–38.
Aghion, Philippe, PhilippeBacchetta, and AbhijitBanerjee,2001a, “Currency Crises and Monetary Policy in an Economy with Credit Constraints,” European Economic Review, Vol. 45 (June), pp. 1121–50.
Aghion, Philippe, PhilippeBacchetta, and AbhijitBanerjee,2001b, “A Corporate Balance Sheet Approach to Currency Crises,” Discussion Paper No. 3092 (London: Centre for Economic Policy Research).
Allen, Mark, Christoph B.Rosenberg, ChristianKeller, BradSetser, and NourielRoubini,2002, “A Balance Sheet Approach to Financial Crisis,” IMF Working Paper No. 02/210 (Washington: International Monetary Fund).
Baliño, Tomás J.T., AdamBennett, and EduardoBorensztein,1999, Monetary Policy in Dollarized Economies, IMF Occasional Paper No. 171 (Washington: International Monetary Fund).
Borensztein, Eduardo, and PaoloMauro,2002, “Reviving the Case for GDP-Indexed Bonds,” IMF Policy Discussion Paper No. 02/10 (Washington: International Monetary Fund).
Borensztein, Eduardo, MarcosChamon, OlivierJeanne, PauloMauro, and JerominZettelmeyer,2004, Sovereign Debt Structure for Crisis Prevention, IMF Occasional Paper No. 237 (Washington: International Monetary Fund).
Burnside, Craig, MartinEichenbaum, and SergioRebelo,1998, “Prospective Deficits and the Asian Currency Crisis,” NBER Working Paper No. 6758 (Cambridge, Massachusetts: National Bureau of Economic Research).
Bussière, Matthieu, and ChristianMulder,1999, “External Vulnerability in Emerging Market Economies: How High Liquidity Can Offset Weak Fundamentals and the Effects of Contagion,” IMF Working Paper No. 99/88 (Washington: International Monetary Fund).
Caballero, Ricardo J., and ArvindKrishnamurthy,2000, “Dollarization of Liabilities: Underinsurance and Domestic Financial Underdevelopment,” NBER Working Paper No. 7792 (Cambridge, Massachusetts: National Bureau of Economic Research).
Calvo, Guillermo,1998, “Capital Flows and Capital-Market Crises: The Simple Economics of Sudden Stops,” Journal of Applied Economics, Vol. 1 (November), pp. 35–54.
Calvo, Guillermo, and Carmen M.Reinhart,2000, “When Capital Inflows Suddenly Stop: Consequences and Policy Options,” inReforming the International Monetary and Financial System, ed. by Peter B.Kenen and Alexander K.Swoboda (Washington: International Monetary Fund).
Calvo, Guillermo, and Carmen M.Reinhart,2002, “Fear of Floating,” Quarterly Journal of Economics, Vol. 117, No. 2 (May), pp. 379–408.
Calvo, Guillermo, AlejandroIzquierdo, and Luis-FernandoMejía,2004, “On the Empirics of Sudden Stops: The Relevance of Balance-Sheet Effects,” NBER Working Paper No. 10520 (Cambridge, Massachusetts: National Bureau of Economic Research).
Cavallo, Michele, KateKisselev, FabrizioPerri, and NourielRoubini,2002, “Exchange Rate Overshooting and the Costs of Floating” (unpublished; New York: New York University).
Céspedes, Luis Felipe, RobertoChang, and AndrésVelasco,2000, “Balance Sheets and Exchange Rate Policy,” NBER Working Paper No. 7840 (Cambridge, Massachusetts: National Bureau of Economic Research).
Chang, Roberto, and AndrésVelasco,1999, “Liquidity Crises in Emerging Markets: Theory and Policy,” NBER WorkingPaperNo. 7272 (Cambridge, Massachusetts: National Bureau of Economic Research).
Cole, Harold L., and Patrick J.Kehoe,1996, “A Self-Fulfilling Model of Mexico’s 1994–1995 Debt Crisis,” Journal of International Economics, Vol. 41 (November), pp. 309–30.
Collyns, Charles, and G. RussellKincaid,eds.2003, Managing Financial Crises: Recent Experience and Lessons for Latin America, IMF Occasional Paper No. 217 (Washington: International Monetary Fund).
Corsetti, Giancarlo, PaoloPesenti, and NourielRoubini,1999a, “What Caused the Asian Currency and Financial Crisis?” Japan and the World Economy, Vol. 11 (October), pp. 305–73.
Corsetti, Giancarlo, PaoloPesenti, and NourielRoubini,1999b, “Paper Tigers? A Model of the Asian Crisis,” European Economic Review, Vol. 43 (June), pp. 1211–36.
Corsetti, Giancarlo, AmilDasgupta, StephenMorris, and HyunSong Shin2004, “Does One Soros Make a Difference? A Theory of Currency Crises with Large and Small Traders,” Review of Economic Studies, Vol. 71 (January), pp. 87–113.
Daseking, Christina, AtishGhosh, TimothyLane, and AlunThomas,2004, Lessons from the Crisis in Argentina, IMF Occasional Paper No. 236 (Washington: International Monetary Fund).
De Nicoló, Gianni, PatrickHonohan, and AlainIze,2003, “Dollarization of the Banking System: Good or Bad?” IMF Working Paper No. 03/146 (Washington: International Monetary Fund).
Diamond, Douglas, and PhilipDybvig,1983, “Bank Runs, Deposit Insurance, and Liquidity,” Journal of Political Economy, Vol. 91 (June), pp. 401–19.
Diamond, Douglas W., and Raghuram G.Rajan,2000, “Banks, Short Term Debt and Financial Crises: Theory, Policy Implications and Applications,” NBER Working Paper No. 7764 (Cambridge, Massachusetts: National Bureau of Economic Research).
Drazen, Allan, and Paul R.Masson,1994, “Credibility of Policies Versus Credibility of Policymakers,” Quarterly Journal of Economics, Vol. 109 (August), pp. 735–54.
Dornbusch, Rudiger,2001, “A Primer on Emerging Market Crises,” NBER Working Paper No. 8326 (Cambridge, Massachusetts: National Bureau of Economic Research).
Edwards, Sebastian,2001, “Dollarization: Myths and Realities,” Journal of Policy Modeling, Vol. 23 (April), pp. 249–65.
Eichengreen, Barry, RicardoHausmann, and UgoPanizza,2003, “Currency Mismatches, Debt Intolerance and Original Sin: Why They Are Not the Same and Why It Matters,” NBER Working Paper No. 10036 (Cambridge, Massachusetts: National Bureau of Economic Research).
Flood, Robert P., and Peter M.Garber,1984, “Collapsing Exchange-Rate Regimes: Some Linear Examples,” Journal of International Economics, Vol. 17 (August), pp. 1–13.
Gapen, Michael T., Dale F.Gray, ChengHoon Lim, and YingbinXiao,2004, “The Contingent Claims Approach to Corporate Vulnerability Analysis: Estimating Default Risk and Economy-Wide Risk Transfer,” IMF Working Paper No. 04/121 (Washington: International Monetary Fund).
Garcia, Marcio, and RobertoRigobon,2004, “A Risk Management Approach to Emerging Market’s Sovereign Debt Sustainability with an Application to Brazilian Data,” NBER Working Paper No. 10336 (Cambridge, Massachusetts: National Bureau of Economic Research).
Gertler, Mark, SimonGilchrist, and FabioNatalucci,2003, “External Constraints on Monetary Policy and the Financial Accelerator,” NBER Working Paper No. 10128 (Cambridge, Massachusetts: National Bureau of Economic Research).
Goldstein, Morris, and PhilipTurner,2004, Controlling Currency Mismatches in Emerging Markets (Washington: Institute for International Economics).
Gulde, Anne-Marie, DavidHoelscher, AlainIze, AlfredoLeone, DavidMarston, and MarinaMoretti,2003, “Dealing with Banking Crises in Dollarized Economies,” inManaging Financial Crises: Recent Experience and Lessons from Latin America, ed.CollynsCharlesKincaid, G. RussellIMF Occasional Paper No. 217 (Washington: International Monetary Fund).
Hagan, Sean, EliotKalter, and RhodaWeeks-Brown,2003, “Corporate Debt Restructuring in the Wake of Economic Crisis,” inManaging Financial Crises: Recent Experience and Lessons from Latin America, ed.CollynsCharlesKincaid, G. RussellIMF Occasional Paper No. 217 (Washington: International Monetary Fund).
Havrylyshyn, Oleh, and ChristianBeddies,2003, “Dollarization in the Former Soviet Union: From Hysteria to Hysteresis,” Contemporary Economic Studies, Vol. 45, No. 3, pp. 329–57.
International Monetary Fund, 1993, Balance of Payments Manual, 5th ed. (Washington).
International Monetary Fund, 2002a, “Data Provision to the Fund for Surveil-lance Purposes,” available at www.imf.org/external/np/sta/data/prov/2002/042602.htm.
International Monetary Fund, 2002b, “Assessing Sustainability,” available at www.imf.org/external/np/pdr/sus/2002/eng/052802.htm.
International Monetary Fund, 2003a, World Economic Outlook, September, World Economic and Financial Surveys (Washington).
International Monetary Fund, 2003b, External Debt Statistics: Guide for Compilers and Users (Washington).
International Monetary Fund, 2003c, “Slovak Republic: 2003 Article IV Consultation—Staff Report, Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Slovak Republic,” IMF Country Report No. 03/234 (Washington).
Jeanne, Olivier, and CharlesWyplosz,2001, “The International Lender of Last Resort: How Large Is Large Enough?” NBER Working Paper No. 8381 (Cambridge, Massachusetts: National Bureau of Economic Research).
Kaminsky, Graciela and CarmenReinhart,1999, “The Twin Crises: The Causes of Banking and Balance-of-Payments Problems,” American Economic Review, Vol. 89 (June), pp. 473–500.
Kester, Anne Y.,2001, International Reserves and Foreign Currency Liquidity: Guidelines for a Data Template” (Washington: International Monetary Fund).
Krugman, Paul1979, “A Model of Balance-of-Payments Crises,” Journal of Money, Credit and Banking, Vol. 11, No. 3 (August), pp. 311–25.
Krugman, Paul1998, “Curfews on Capital Flight: What Are the Options?” available at http://web.mit.edu/krugman/www/curfews.html.
Krugman, Paul1999, “Balance Sheets, the Transfer Problem, and Financial Crises,” inInternational Finance and Financial Crises: Essays in Honor of Robert P. Flood, Jr., ed.Isard, PeterRazin, AssafRoseAndrew K. (Boston: Kluwer Academic; Washington: International Monetary Fund).
Lagos, Martin2002, “The Argentine Banking Crisis 2001–2002,” Report prepared for the Argentine Bankers Association.
Lindgren, Carl-JohanTomás J.T.Baliño, CharlesEnoch, Anne-MarieGulde, MarcQuintyn, and LeslieTeo,1999, Financial Sector Crisis and Restructuring—Lessons from Asia, IMF Occasional Paper No. 188 (Washington: International Monetary Fund).
Manasse, PaoloNourielRoubini, and AxelSchimmelpfennig,2003, “Predicting Sovereign Debt Crises,” IMF Working Paper No. 03/221 (Washington: International Monetary Fund).
Masson, Paul R.,1999, “Multiple Equilibria, Contagion, and the Emerging Market Crises,” IMF Working Paper No. 99/164 (Washington: International Monetary Fund).
Mongardini, Joannes, and JohannesMueller,2000, “Ratchet Effects in Currency Substitution: An Application to the Kyrgyz Republic,” IMF Staff Papers, Vol. 47, No. 2 (December), pp. 218–37.
Morris, Stephen, and Hyun SongShin,2003, “Global Games: Theory and Applications,” inAdvances in Economics and Econometrics: Theory and Applications, Eighth World Congress, Vol. 1., ed.Dewatripont, MathiasHansen, Lars PeterTurnovskyStephen (Cambridge, England: Cambridge University Press).
Mulder, Christian B., RobertoPerrelli, and ManuelRocha,2002, “The Role of Corporate, Legal and Macroeconomic Balance Sheet Indicators in Crisis Detection and Prevention,” IMF Working Paper No. 02/59 (Washington: International Monetary Fund).
Obstfeld, Maurice,1994, “The Logic of Currency Crises,” Cahiers Économiques et Monétaires (Bank of France), Vol. 43, pp. 189–213.
Oomes, Nienke,2003, “Network Externalities and Dollarization Hysteresis: The Case of Russia,” IMF Working Paper No. 03/96 (Washington: International Monetary Fund).
Pettis, Michael,2001, The Volatility Machine: Emerging Economies and the Threat of Their Financial Collapse (New York: Oxford University Press).
Reinhart, Carmen M., Kenneth S.Rogoff, and Miguel A.Savastano,2003a, “Debt Intolerance,” Brookings Papers on Economic Activity: 1 (Brookings Institution), pp. 1–74.
Reinhart, Carmen M., Kenneth S.Rogoff, and Miguel A.Savastano,2003b, “Addicted to Dollars,” NBER Working Paper No. 10015 (Cambridge, Massachusetts: National Bureau of Economic Research).
Rodrik, Dani, and AndrésVelasco,1999, “Short-Term Capital Flows,” NBER Working Paper No. 7364 (Cambridge, Massachusetts: National Bureau of Economic Research).
Roubini, Nouriel,2001, “Should Argentina Dollarize or Float? The Pros and Cons of Alternative Exchange Rate Regimes and their Implications for Domestic and Foreign Debt Restructuring Reduction” (unpublished; New York: Stern School of Business, New York University).
Sachs, Jeffrey, and StevenRadelet,1998, “The Onset of the East Asian Financial Crisis,” NBER Working Paper No. 6680 (Cambridge, Massachusetts: National Bureau of Economic Research).
Schneider, Martin, and AaronTornell,2000, “Balance Sheet Effects, Bailout Guarantees and Financial Crises,” NBER Working Paper No. 8060 (Cambridge, Massachusetts: National Bureau of Economic Research).
Recent Occasional Papers of the International Monetary Fund
240. Debt-Related Vulnerabilities and Financial Crises: An Application of the Balance Sheet Approach to Emerging Market Countries, by Christoph Rosenberg, Ioannis Halikias, Brett House, Christian Keller, Jens Nystedt, Alexander Pitt, and Brad Setser. 2005.
239. GEM: A New International Macroeconomic Model, by Tamim Bayoumi, with assistance from Douglas Laxton, Hamid Faruqee, Benjamin Hunt, Philippe Karam, Jaewoo Lee, Alessandro Rebucci, and Ivan Tchakarov. 2004.
238. Stabilization and Reforms in Latin America: A Macroeconomic Perspective on the Experience Since the Early 1990s, by Anoop Singh, Agnès Belaisch, Charles Collyns, Paula De Masi, Reva Krieger, Guy Meredith, and Robert Rennhack. 2005.
237. Sovereign Debt Structure for Crisis Prevention, by Eduardo Borensztein, Marcos Chamon, Olivier Jeanne, Paolo Mauro, and Jeromin Zettelmeyer. 2004.
236. Lessons from the Crisis in Argentina, by Christina Daseking, Atish R. Ghosh, Alun Thomas, and Timothy Lane. 2004.
235. A New Look at Exchange Rate Volatility and Trade Flows, by Peter B. Clark, Natalia Tamirisa, and Shang-Jin Wei, with Azim Sadikov and Li Zeng. 2004.
234. Adopting the Euro in Central Europe: Challenges of the Next Step in European Integration, by Susan M. Schadler, Paulo F. Drummond, Louis Kuijs, Zuzana Murgasova, and Rachel N. van Elkan. 2004.
233. Germany’s Three-Pillar Banking System: Cross-Country Perspectives in Europe, by Allan Brunner, Jörg Decressin, Daniel Hardy, and Beata Kudela. 2004.
232. China’s Growth and Integration into the World Economy: Prospects and Challenges, edited by Eswar Prasad. 2004.
231. Chile: Policies and Institutions Underpinning Stability and Growth, by Eliot Kalter, Steven Phillips, Marco A. Espinosa-Vega, Rodolfo Luzio, Mauricio Villafuerte, and Manmohan Singh. 2004.
230. Financial Stability in Dollarized Countries, by Anne-Marie Gulde, David Hoelscher, Alain Ize, David Marston, and Gianni De Nicoló. 2004.
229. Evolution and Performance of Exchange Rate Regimes, by Kenneth S. Rogoff, Aasim M. Husain, Ashoka Mody, Robin Brooks, and Nienke Oomes. 2004.
228. Capital Markets and Financial Intermediation in The Baltics, by Alfred Schipke, Christian Beddies, Susan M. George, and Niamh Sheridan. 2004.
227. U.S. Fiscal Policies and Priorities for Long-Run Sustainability, edited by Martin Mühleisen and Christopher Towe. 2004.
226. Hong Kong SAR: Meeting the Challenges of Integration with the Mainland, edited by Eswar Prasad, with contributions from Jorge Chan-Lau, Dora Iakova, William Lee, Hong Liang, Ida Liu, Papa N’Diaye, and Tao Wang. 2004.
225. Rules-Based Fiscal Policy in France, Germany, Italy, and Spain, by Teresa Dában, Enrica Detragiache, Gabriel di Bella, Gian Maria Milesi-Ferretti, and Steven Symansky. 2003.
224. Managing Systemic Banking Crises, by a staff team led by David S. Hoelscher and Marc Quintyn. 2003.
223. Monetary Union Among Member Countries of the Gulf Cooperation Council, by a staff team led by Ugo Fasano. 2003.
222. Informal Funds Transfer Systems: An Analysis of the Informal Hawala System, by Mohammed El Qorchi, Samuel Munzele Maimbo, and John F. Wilson. 2003.
221. Deflation: Determinants, Risks, and Policy Options, by Manmohan S. Kumar. 2003.
220. Effects of Financial Globalization on Developing Countries: Some Empirical Evidence, by Eswar S. Prasad, Kenneth Rogoff, Shang-Jin Wei, and Ayhan Kose. 2003.
219. Economic Policy in a Highly Dollarized Economy: The Case of Cambodia, by Mario de Zamaroczy and Sopanha Sa. 2003.
218. Fiscal Vulnerability and Financial Crises in Emerging Market Economies, by Richard Hemming, Michael Kell, and Axel Schimmelpfennig. 2003.
217. Managing Financial Crises: Recent Experience and Lessons for Latin America, edited by Charles Collyns and G. Russell Kincaid. 2003.
216. Is the PRGF Living Up to Expectations?—An Assessment of Program Design, by Sanjeev Gupta, Mark Plant, Benedict Clements, Thomas Dorsey, Emanuele Baldacci, Gabriela Inchauste, Shamsuddin Tareq, and Nita Thacker. 2002.
215. Improving Large Taxpayers’ Compliance: A Review of Country Experience, by Katherine Baer. 2002.
214. Advanced Country Experiences with Capital Account Liberalization, by Age Bakker and Bryan Chapple. 2002.
213. The Baltic Countries: Medium-Term Fiscal Issues Related to EU and NATO Accession, by Johannes Mueller, Christian Beddies, Robert Burgess, Vitali Kramarenko, and Joannes Mongardini. 2002.
212. Financial Soundness Indicators: Analytical Aspects and Country Practices, by V. Sundararajan, Charles Enoch, Armida San José, Paul Hilbers, Russell Krueger, Marina Moretti, and Graham Slack. 2002.
211. Capital Account Liberalization and Financial Sector Stability, by a staff team led by Shogo Ishii and Karl Habermeier. 2002.
210. IMF-Supported Programs in Capital Account Crises, by Atish Ghosh, Timothy Lane, Marianne Schulze-Ghattas,
209. Methodology for Current Account and Exchange Rate Assessments, by Peter Isard, Hamid Faruqee, G. Russell Kincaid, and Martin Fetherston. 2001.
208. Yemen in the 1990s: From Unification to Economic Reform, by Klaus Enders, Sherwyn Williams, Nada Choueiri, Yuri Sobolev, and Jan Walliser. 2001.
207. Malaysia: From Crisis to Recovery, by Kanitta Meesook, Il Houng Lee, Olin Liu, Yougesh Khatri, Natalia Tamirisa, Michael Moore, and Mark H. Krysl. 2001.
206. The Dominican Republic: Stabilization, Structural Reform, and Economic Growth, by a staff team led by Philip Young comprising Alessandro Giustiniani, Werner C. Keller, and Randa E. Sab and others. 2001.
205. Stabilization and Savings Funds for Nonrenewable Resources, by Jeffrey Davis, Rolando Ossowski, James Daniel, and Steven Barnett. 2001.
204. Monetary Union in West Africa (ECOWAS): Is It Desirable and How Could It Be Achieved? by Paul Masson and Catherine Pattillo. 2001.
203. Modern Banking and OTC Derivatives Markets: The Transformation of Global Finance and Its Implications for Systemic Risk, by Garry J. Schinasi, R. Sean Craig, Burkhard Drees, and Charles Kramer. 2000.
202. Adopting Inflation Targeting: Practical Issues for Emerging Market Countries, by Andrea Schaechter, Mark R. Stone, and Mark Zelmer. 2000.
201. Developments and Challenges in the Caribbean Region, by Samuel Itam, Simon Cueva, Erik Lundback, Janet Stotsky, and Stephen Tokarick. 2000.
200. Pension Reform in the Baltics: Issues and Prospects, by Jerald Schiff, Niko Hobdari, Axel Schimmelpfennig, and Roman Zytek. 2000.
199. Ghana: Economic Development in a Democratic Environment, by Sérgio Pereira Leite, Anthony Pellechio, Luisa Zanforlin, Girma Begashaw, Stefania Fabrizio, and Joachim Harnack. 2000.
198. Setting Up Treasuries in the Baltics, Russia, and Other Countries of the Former Soviet Union: An Assessment of IMF Technical Assistance, by Barry H. Potter and Jack Diamond. 2000.
197. Deposit Insurance: Actual and Good Practices, by Gillian G.H. Garcia. 2000.
196. Trade and Trade Policies in Eastern and Southern Africa, by a staff team led by Arvind Subramanian, with Enrique Gelbard, Richard Harmsen, Katrin Elborgh-Woytek, and Piroska Nagy. 2000.
195. The Eastern Caribbean Currency Union—Institutions, Performance, and Policy Issues, by Frits van Beek, José Roberto Rosales, Mayra Zermeño, Ruby Randall, and Jorge Shepherd. 2000.
194. Fiscal and Macroeconomic Impact of Privatization, by Jeffrey Davis, Rolando Ossowski, Thomas Richardson, and Steven Barnett. 2000.
Note: For information on the titles and availability of Occasional Papers not listed, please consult the IMF’s Publications Catalog or contact IMF Publication Services.