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Banks financial liberalisation and financial crises in emerging markets

By:

Bird, Graham

Material type: Text

TextPublication details: 2001Action note:

10/25/01 JOY_D

Summary: Provides a framework to explore the role of banks, bank inefficiencies and financial liberalisation in explaining the sustained interest rate premium offered in a number of emerging economies in East Asia despite evidence of fairly credible ex ante pegged exchange rates. Sees, within this framework, international financial liberalisation as fuelling a boom in domestic credit, which leads to acute balance sheet problems for domestic banks, and exposes the country concerned to currency crisis in the event of a sudden reversal of capital inflows, which banking weakness may itself trigger.

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Item type	Current library	Status	Barcode
Analytic	CARICOM Documentation Centre	Available	0000000017867

Provides a framework to explore the role of banks, bank inefficiencies and financial liberalisation in explaining the sustained interest rate premium offered in a number of emerging economies in East Asia despite evidence of fairly credible ex ante pegged exchange rates. Sees, within this framework, international financial liberalisation as fuelling a boom in domestic credit, which leads to acute balance sheet problems for domestic banks, and exposes the country concerned to currency crisis in the event of a sudden reversal of capital inflows, which banking weakness may itself trigger.

10/25/01 JOY_D

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