A Model of Financial Crises in Emerging Markets
Top Cited Papers
- 1 May 2001
- journal article
- Published by Oxford University Press (OUP) in The Quarterly Journal of Economics
- Vol. 116 (2) , 489-517
- https://doi.org/10.1162/00335530151144087
Abstract
We develop a model in which financial crises in emerging markets may occur when domestic banks are internationally illiquid. Runs on domestic depositKeywords
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