The DOI matches its Crossref record; 22 of the 22 references it cites were found in a registry or an index.
Stories of the Twentieth Century for the Twenty-First
Open accessAbstract
A key precursor of twentieth-century financial crises in emerging and advanced economies alike was the rapid buildup of leverage.Those emerging economies that avoided leverage booms during the 2000s also were most likely to avoid the worst effects of the twenty-first century's first global crisis.A discrete-choice panel analysis using 1973-2010 data suggests that domestic credit expansion and real currency appreciation have been the most robust and significant predictors of financial crises, regardless of whether a country is emerging or advanced.For emerging economies, however, higher foreign exchange reserves predict a sharply reduced probability of a subsequent crisis.
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On Adjusting the Hodrick-Prescott Filter for the Frequency of Observations
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Currency crashes in emerging markets: An empirical treatment
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Capital flow waves: Surges, stops, flight, and retrenchment
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Exchange Market Mayhem: The Antecedents and Aftermath of Speculative Attacks
Eichengreen, B., Rose, A. K., Wyplosz, C., Dumas, B., & Weber, A. (1995) · Economic Policy · doi:10.2307/1344591 · Cited by 1,204
When it Rains, it Pours: Procyclical Capital Flows and Macroeconomic Policies
Kaminsky, G., Reinhart, C., & Vegh, C. (2004) · National Bureau of Economic Research · doi:10.3386/w10780 · Cited by 1,003
The Twin Crises: The Causes of Banking and Balance-of-Payments Problems
Kaminsky, G. L., & Reinhart, C. M. (1996) · International Finance Discussion Papers · doi:10.17016/ifdp.1996.544 · Cited by 950
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Towards a new early warning system of financial crises
Bussière, M., & Fratzscher, M. (2006) · Journal of International Money and Finance · doi:10.1016/j.jimonfin.2006.07.007 · Cited by 713
Credit Booms Gone Bust: Monetary Policy, Leverage Cycles and Financial Crises, 1870-2008
Schularick, M., & Taylor, A. (2009) · National Bureau of Economic Research · doi:10.3386/w15512 · Cited by 697
An Anatomy Of Credit Booms: Evidence From Macro Aggregates And Micro Data
Mendoza, E., & Terrones, M. (2008) · National Bureau of Economic Research · doi:10.3386/w14049 · Cited by 417
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Mian, A., Sufi, A., & Verner, E. (2017) · The Quarterly Journal of Economics · doi:10.1093/qje/qjx017 · Cited by 756
US Monetary Policy and the Global Financial Cycle
Miranda-Agrippino, S., & Rey, H. (2015) · National Bureau of Economic Research · doi:10.3386/w21722 · Cited by 490
China as an International Lender of Last Resort
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Metadata
- Authors
- Gourinchas, P.-O., & Obstfeld, M.
- Venue
- National Bureau of Economic Research
- Publisher
- National Bureau of Economic Research
- Published
- 2011-07
- OpenAlex
- W2890497695
- Cited by
- 408
- References
- 22
- Type
- report
- Language
- en
- Open access
- green
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