Distinguishing between Observationally Equivalent Theories of Crises

Distinguishing between Observationally Equivalent Theories of Crises

The objective of this paper is to empirically test across alternative, apparently observationally equivalent theories of currency crises. Theories of crises are often difficult to distinguish from each other based on the behavior of commonly used...

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Bibliographic Details
Main Author: Shankar, Rashmi
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2014
Subjects:
ADVERSE SELECTION
ASSETS
ASYMMETRIC INFORMATION
BALANCE OF PAYMENTS
BALANCE SHEET
BANK ASSETS
BANK GUARANTEES
BANK RUNS
BANKING CRISES
BANKING CRISIS
BANKING SECTOR
BANKING SYSTEM
CAPITAL ACCOUNT LIBERALIZATION
CAPITAL CONTROLS
CAPITAL FLIGHT
CAPITAL FLOWS
CAPITAL INFLOWS
CENTRAL BANK
CONTINGENT LIABILITIES
CURRENCY CRISES
DEBT
DEPOSIT INSURANCE
DEVALUATION
DEVELOPED COUNTRIES
DOMESTIC CREDIT
DOMESTIC INVESTMENT
EMERGING MARKETS
EMPLOYMENT
EQUILIBRIUM
EXCHANGE RATE
EXPROPRIATION
FINANCIAL CRISES
FINANCIAL CRISIS
FINANCIAL LIBERALIZATION
FINANCIAL SECTOR
FOREIGN ASSETS
FOREIGN BANKS
FOREIGN CAPITAL
GDP
GDP DEFLATOR
GROWTH RATE
ILLIQUIDITY
IMPLICIT GUARANTEES
IMPORTS
INEFFICIENCY
INFLATION
INSOLVENCY
INSURANCE
INTEREST RATE
INTEREST RATES
INTERNATIONAL RESERVES
LENDER OF LAST RESORT
LIQUID ASSETS
LIQUIDITY
M2
MACROECONOMIC POLICIES
MAXIMUM LIKELIHOOD ESTIMATION
MONETARY AUTHORITIES
MONETARY POLICY
MORAL HAZARD
POLICY MAKERS
PORTFOLIO
PUBLIC DEBT
RANDOM WALK
REAL GDP
REAL WAGES
RECESSION
STOCK PRICES
TIME SERIES
TRANSMISSION MECHANISM
VOLATILITY
VULNERABILITY
Online Access:http://documents.worldbank.org/curated/en/2002/11/2075371/distinguishing-between-observationally-equivalent-theories-crises
http://hdl.handle.net/10986/19202

Internet

http://documents.worldbank.org/curated/en/2002/11/2075371/distinguishing-between-observationally-equivalent-theories-crises
http://hdl.handle.net/10986/19202

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