01724cas a2200241 a 4500 AALejournalIMF001826 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451843132 1018-5941 BD-DhAAL BD-DhAAL Tanner, Evan. Exchange Market Pressure, Currency Crises, and Monetary Policy : Additional Evidence From Emerging Markets / Evan Tanner. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (54 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 extends my previous work by examining the relationship between monetary policy and exchange market pressure (EMP) in 32 emerging market countries. EMP is a gauge of the severity of crises, and part of this paper specifically analyzes crisis periods. Two variables gauge the stance of monetary policy: the growth of central bank domestic credit and the interest differential (domestic versus U.S. dollar). Evidence suggests that monetary policy plays an important role in currency crises. And, in most countries the shocks to monetary policy affect EMP in the direction predicted by traditional approaches: tighter money reduces EMP. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2002/014 Full text available on IMF http://elibrary.imf.org/view/journals/001/2002/014/001.2002.issue-014-en.xml IMF e-Library