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Capital flows and financial crises: a comparative analysis of East Asia (1997-1998) and Argentina (2001-2002)

Bustelo , Pablo (2004) Capital flows and financial crises: a comparative analysis of East Asia (1997-1998) and Argentina (2001-2002). [ Documentos de Trabajo de la Facultad de Ciencias Económicas y Empresariales; nº 17, 2004, ISSN: 2255-5471 ]

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Abstract

El texto sugiere, en primer lugar, que los mecanismos de las crisis financieras en las economías emergentes pueden entenderse con un sencillo marco teórico. En segundo término, repasa brevemente las crisis asiáticas de 1997-98. En tercer lugar, aborda los orígenes de la crisis de Argentina en 2001-02. En cuarto lugar, hace un análisis comparado de ambas crisis, presentando sus similitudes y diferencias. Finalmente, el texto concluye señalando los inconvenientes de los tipos de cambio (tanto fijos como semi-fijos) anclados a una única divisa de referencia así como la necesidad de que las economías emergentes implanten controles de capital para evitar la recurrencia de las crisis.


Item Type:Working Paper or Technical Report
Additional Information:

JEL Classification: F31, F32, F34, F43.

Uncontrolled Keywords:Crisis financieras, East Asia, Argentina, Financial crisis, Emerging economies, Exchange rate, Financial markets.
Subjects:Social sciences > Economics > Finance
Series Name:Documentos de Trabajo de la Facultad de Ciencias Económicas y Empresariales
Volume:2004
Number:17
ID Code:6841
References:

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Deposited On:30 Nov 2007
Last Modified:06 Feb 2014 07:51

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