search query: @indexterm CAPITAL MARKETS / total: 931
reference: 173 / 931
| Author: | Calvo, G. Mendoza, E. |
| Title: | Capital-markets crisis and economic collapse in emerging markets: an informational-frictions approach |
| Journal: | American Economic Review
2000 : MAY, VOL. 90:2, p. 59-64 |
| Index terms: | ECONOMICS CAPITAL MARKETS CRISES |
| Language: | eng |
| Abstract: | The Mexican crisis of 1994 and its unprecedented international spillover through global financial markets signaled the dawn of a new era in capital-markets crises that challenged, and defeated, both economists' theories and practitioners' policies. Around that time, there was heated debate as to whether this crisis differed from previous Mexican crises triggered by fiscal indiscipline and real-exchange-rate appreciation. |
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