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Common Fundamentals in the Tequila and Asian Crises / Aaron Tornell.
- Format:
- Book
- Author/Creator:
- Tornell, Aaron.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w7139.
- NBER working paper series no. w7139
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1999.
- Summary:
- The cross-country variation in the severity of the crisis was largely determined by three fundamentals: the strength of the banking system, the real appreciation, and the international liquidity of the country. We also find that the rule that links fundamentals to the crisis severity has been the same in both the Tequila and Asian crises.
- Notes:
- Print version record
- May 1999.
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