BOP Crises and External Shocks

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概要

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• This is a theoretical study of BOP crises in emerging markets in East Asia and LatinAmerica in the l990s. These BOP crises tend to be preceded by the current account deterioration, the real exchange rate appreciation, and inflationary pressures. The paper develops a model of BOP crises preceded by these macroeconomic phenomena. The model shows that an external shock (a decrease in the world nominal interest rate) leads to this type of BOP crises.

著者

• Kitano Shigeto

  Graduate School Of Economics Nagoya University

関連論文

• BOP Crises and External Shocks

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