Twin Crises - The Contribution of Overborrowing to Interdependencies of Banking and Currency Crises

Language: German

Published by GRIN Verlag, GRIN Verlag Mär 2013, 2013

3656372330 / 9783656372332

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This item is printed on demand - Print on Demand Titel. Neuware -Bachelorarbeit aus dem Jahr 2009 im Fachbereich VWL - Internationale Wirtschaftsbeziehungen, Note: 2,3, Westfälische Wilhelms-Universität Münster (Institut für Internationale Ökonomie), Sprache: Deutsch, Abstract: The occurrence of twin crises can evoke serious recessions. From 1976 to 2002 there were 38 countries afflicted by at least one twin crisis. McKinnon and Pill (1996, 1997, 1998, 1999) set basic milestones in respect of international overborrowing and drew a linkage to twin crises. Their papers are still increasingly cited by current publications. This paper at first systemizes literature on currency, banking and twin crises and gives a review on several contributions. The second section deals with the third generation model of McKinnon and Pill concerning ¿The Overborrowing Syndrome¿. Their key finding is that loan guarantees may lead via excessive borrowing to a twin crisis. After this, policy conclusions to counteract international overborrowing and a review on the development of theoretical overborrowing papers will complete the second section. In section three it will refer to empirical studies on crises and overborrowing. Section four closes with final remarks.Books on Demand GmbH, Überseering 33, 22297 Hamburg 68 pp. Deutsch.…

Seller Inventory # 9783656372332

Title
Twin Crises - The Contribution of Overborrowing to Interdependencies of Banking and Currency Crises
Author
Tim Ebner
Publisher
GRIN Verlag, GRIN Verlag Mär 2013
Publication year
2013
Condition
Neu
Binding
Taschenbuch
Language
German
ISBN 10
3656372330
ISBN 13
9783656372332
Item weight
112 grams
Dimensions
210x148x6 mm

buchversandmimpf2000

Emtmannsberg, BAYE, Germany

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