Format:
1 Online-Ressource (43, [8] p)
,
ill
,
28 cm
Edition:
Online-Ausgabe World Bank E-Library Archive Sonstige Standardnummer des Gesamttitels: 041181-4
Edition:
Also available in print.
Series Statement:
Policy research working paper 2174
Content:
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
Note:
"September 1999"--Cover. - Includes bibliographical references (p. 40-42)
,
Erscheinungsjahr in Vorlageform:[1999]
,
Weitere Ausgabe: Burnside, Craig : Prospective deficits and the Asian currency crisis
Additional Edition:
Reproduktion von Burnside, Craig, 1965- Prospective deficits and the Asian currency crisis 1999
Language:
English