01531cas a2200241 a 4500 AALejournalIMF001464 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451846843 1018-5941 BD-DhAAL BD-DhAAL Disyatat, Piti. Currency Crises and the Real Economy : The Role of Banks / Piti Disyatat. Washington, D.C. : International Monetary Fund, 2001. 1 online resource (29 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper shows that the quality of banks within each country is one of the important factors that can account for the fact that developing economies tend to suffer more severe output contractions in the wake of a currency crisis than more mature economies. In particular, countries with a banking sector whose balance sheets are healthy, in terms of having high net worth and low foreign currency exposure, are much less likely to suffer a contraction in the wake of an unexpected depreciation. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2001/049 Full text available on IMF http://elibrary.imf.org/view/journals/001/2001/049/001.2001.issue-049-en.xml IMF e-Library