Prospective deficits and the Asian currency crisis:
The recent Asian currency crisis was caused by large prospective fiscal deficits associated with implicit bailout guarantees to failing banking systems. Absent the political will to raise taxes or cut spending, governments must resort to seignorage revenues to pay for the bailout of the banking syst...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, DC
World Bank, Development Research Group, Macroeconomics and Growth
[1999]
|
Schriftenreihe: | Policy research working paper
2174 |
Schlagworte: | |
Online-Zugang: | BSB01 EUV01 HTW01 FHI01 IOS01 Volltext |
Zusammenfassung: | The recent Asian currency crisis was caused by large prospective fiscal deficits associated with implicit bailout guarantees to failing banking systems. Absent the political will to raise taxes or cut spending, governments must resort to seignorage revenues to pay for the bailout of the banking system. In a world of forward-looking agents, this makes a currency crisis inevitable |
Beschreibung: | "September 1999"--Cover Includes bibliographical references (p. 40-42) |
Beschreibung: | 1 Online-Ressource (43, [8] Seiten) ill 28 cm |
Internformat
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100 | 1 | |a Burnside, Craig |e Verfasser |4 aut | |
245 | 1 | 0 | |a Prospective deficits and the Asian currency crisis |c Craig Burnside, Martin Eichenbaum, and Sergio Rebelo |
264 | 1 | |a Washington, DC |b World Bank, Development Research Group, Macroeconomics and Growth |c [1999] | |
300 | |a 1 Online-Ressource (43, [8] Seiten) |b ill |c 28 cm | ||
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490 | 0 | |a Policy research working paper |v 2174 | |
500 | |a "September 1999"--Cover | ||
500 | |a Includes bibliographical references (p. 40-42) | ||
520 | 3 | |a The recent Asian currency crisis was caused by large prospective fiscal deficits associated with implicit bailout guarantees to failing banking systems. Absent the political will to raise taxes or cut spending, governments must resort to seignorage revenues to pay for the bailout of the banking system. In a world of forward-looking agents, this makes a currency crisis inevitable | |
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650 | 4 | |a Financial crises |z Asia |x Econometric models | |
700 | 1 | |a Eichenbaum, Martin S. |e Sonstige |4 oth | |
700 | 1 | |a Rebelo, Sergio |e Sonstige |4 oth | |
710 | 2 | |a World Bank |e Development Research Group |e Macroeconomics and Growth |4 oth | |
776 | 0 | 8 | |i Burnside, Craig |a Prospective deficits and the Asian currency crisis |
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Datensatz im Suchindex
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author | Burnside, Craig |
author_facet | Burnside, Craig |
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ctrlnum | (ZDB-1-WBA)09320762X (OCoLC)1392136569 (DE-599)GBVNLM005443776 |
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index_date | 2024-07-03T22:27:50Z |
indexdate | 2024-07-10T09:54:35Z |
institution | BVB |
language | English |
oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-034338307 |
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physical | 1 Online-Ressource (43, [8] Seiten) ill 28 cm |
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publishDate | 1999 |
publishDateSearch | 1999 |
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publisher | World Bank, Development Research Group, Macroeconomics and Growth |
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series2 | Policy research working paper |
spelling | Burnside, Craig Verfasser aut Prospective deficits and the Asian currency crisis Craig Burnside, Martin Eichenbaum, and Sergio Rebelo Washington, DC World Bank, Development Research Group, Macroeconomics and Growth [1999] 1 Online-Ressource (43, [8] Seiten) ill 28 cm txt rdacontent c rdamedia cr rdacarrier Policy research working paper 2174 "September 1999"--Cover Includes bibliographical references (p. 40-42) The recent Asian currency crisis was caused by large prospective fiscal deficits associated with implicit bailout guarantees to failing banking systems. Absent the political will to raise taxes or cut spending, governments must resort to seignorage revenues to pay for the bailout of the banking system. In a world of forward-looking agents, this makes a currency crisis inevitable Online-Ausg Also available in print Banks and banking Asia Econometric models Budget deficits Asia Econometric models Financial crises Asia Econometric models Eichenbaum, Martin S. Sonstige oth Rebelo, Sergio Sonstige oth World Bank Development Research Group Macroeconomics and Growth oth Burnside, Craig Prospective deficits and the Asian currency crisis http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2174 Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Burnside, Craig Prospective deficits and the Asian currency crisis Banks and banking Asia Econometric models Budget deficits Asia Econometric models Financial crises Asia Econometric models |
title | Prospective deficits and the Asian currency crisis |
title_auth | Prospective deficits and the Asian currency crisis |
title_exact_search | Prospective deficits and the Asian currency crisis |
title_exact_search_txtP | Prospective deficits and the Asian currency crisis |
title_full | Prospective deficits and the Asian currency crisis Craig Burnside, Martin Eichenbaum, and Sergio Rebelo |
title_fullStr | Prospective deficits and the Asian currency crisis Craig Burnside, Martin Eichenbaum, and Sergio Rebelo |
title_full_unstemmed | Prospective deficits and the Asian currency crisis Craig Burnside, Martin Eichenbaum, and Sergio Rebelo |
title_short | Prospective deficits and the Asian currency crisis |
title_sort | prospective deficits and the asian currency crisis |
topic | Banks and banking Asia Econometric models Budget deficits Asia Econometric models Financial crises Asia Econometric models |
topic_facet | Banks and banking Asia Econometric models Budget deficits Asia Econometric models Financial crises Asia Econometric models |
url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2174 |
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