Stone, Mark R.
The Corporate Sector Dynamics of Systemic Financial Crises Mark R Stone. [electronic resource] / Mark R Stone. - Washington, D.C. : International Monetary Fund, 2000. - 1 online resource (43 p.) - IMF Working Papers; Working Paper ; No. 00/114 . - IMF Working Papers; Working Paper ; No. 00/114 .
This paper puts together a set of stylized facts of the corporate sector dynamics of systemic financial crises based on recent crisis episodes with a view to identifying the key issues and their policy implications. The evidence suggests that corporate crisis dynamics arc triggered by a cutoff of capital inflows and are amplified into an historically severe recession by exchange rate depreciation, high interest rates, and current account adjustment. The adverse consequences of these dynamics can be forestalled and assuaged by policies that improve monitoring of the corporate sector and boost nonbank sources of corporate financing.
1451853785 : 15.00 USD
1018-5941
10.5089/9781451853780.001 doi
Capital Inflows
Capital Markets
Corporate Restructuring
Corporate Sector
Crisis Countries
Crisis Episodes
Chile
Hungary
Korea, Republic of
Mexico
Poland
The Corporate Sector Dynamics of Systemic Financial Crises Mark R Stone. [electronic resource] / Mark R Stone. - Washington, D.C. : International Monetary Fund, 2000. - 1 online resource (43 p.) - IMF Working Papers; Working Paper ; No. 00/114 . - IMF Working Papers; Working Paper ; No. 00/114 .
This paper puts together a set of stylized facts of the corporate sector dynamics of systemic financial crises based on recent crisis episodes with a view to identifying the key issues and their policy implications. The evidence suggests that corporate crisis dynamics arc triggered by a cutoff of capital inflows and are amplified into an historically severe recession by exchange rate depreciation, high interest rates, and current account adjustment. The adverse consequences of these dynamics can be forestalled and assuaged by policies that improve monitoring of the corporate sector and boost nonbank sources of corporate financing.
1451853785 : 15.00 USD
1018-5941
10.5089/9781451853780.001 doi
Capital Inflows
Capital Markets
Corporate Restructuring
Corporate Sector
Crisis Countries
Crisis Episodes
Chile
Hungary
Korea, Republic of
Mexico
Poland