Insurance and Liquidity : Panel Evidence

Insurance and Liquidity : Panel Evidence

The author presents evidence that balance sheet effects are critical determinants of both the likelihood of a crisis and of income losses following a crisis. She tests the validity of "insurance" and "liquidity" models of currency crisis. Both models predict that the occurrence o...

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Bibliographic Details
Main Author: Shankar, Rashmi
Format: Policy Research Working Paper
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
AGENTS
ASSETS
BALANCE OF PAYMENTS
BALANCE SHEET
BALANCE SHEET EFFECTS
BANK FOR INTERNATIONAL SETTLEMENTS
BANK RESERVES
BANKING CRISES
BANKING SECTOR
BID
CAPITAL FLIGHT
CAPITAL FLOWS
CENTRAL BANK
COMMISSIONS
CONTINGENT LIABILITIES
CONTINGENT LIABILITY
DEBT
DEVALUATION
DEVELOPED COUNTRIES
DIRECT INVESTMENT
DISEQUILIBRIUM
ECONOMETRIC ANALYSIS
ECONOMIC ACTIVITY
ELASTICITY
EMERGING MARKETS
EMPIRICAL EVIDENCE
EMPLOYMENT
EQUATIONS
EXCESS DEMAND
EXCHANGE RATE
EXCHANGE RATES
EXPROPRIATION
EXTERNAL FINANCING
FEDERAL RESERVE SYSTEM
FINANCIAL CRISES
FINANCIAL CRISIS
FINANCIAL REFORM
FINANCIAL REGULATION
FINANCIAL SECTOR
FLOW OF CAPITAL
FORECASTS
FOREIGN ASSETS
FOREIGN BANKS
FOREIGN CAPITAL
FOREIGN CURRENCY
FOREIGN INVESTORS
GDP
IMPERFECT INFORMATION
INCOME
INFLATION
INSURANCE
INTEREST RATE
INTEREST RATES
INTERNATIONAL RESERVES
LATIN AMERICAN
LEADING INDICATORS
LENDER OF LAST RESORT
LIBERALIZATION
LIQUIDITY
M2
MACROECONOMIC PERFORMANCE
MACROECONOMICS
MARGINAL PRODUCT
MAXIMUM LIKELIHOOD ESTIMATION
MONETARY AUTHORITIES
MONETARY POLICY
MONEY SUPPLY
MORAL HAZARD
NATIONAL OUTPUT
PENALTIES
POLICY INSTRUMENTS
PORTFOLIO
PROBABILITY OF DEFAULT
PRODUCTIVITY
PROFIT RATE
PUBLIC DEBT
PURCHASE PRICE
PURCHASING POWER
RANDOM WALK
REAL GDP
REAL WAGES
RECESSION
RESERVE
RESERVE ASSETS
RESERVE BANK OF AUSTRALIA
RISK OF DEFAULT
RISK PREMIUM
STOCK PRICES
SUSTAINABILITY
WAGES
Online Access:http://documents.worldbank.org/curated/en/2005/06/5866215/insurance-liquidity-panel-evidence
http://hdl.handle.net/10986/8304

Internet

http://documents.worldbank.org/curated/en/2005/06/5866215/insurance-liquidity-panel-evidence
http://hdl.handle.net/10986/8304

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