01712cas a2200253 a 4500 AALejournalIMF007996 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451857870 1018-5941 BD-DhAAL BD-DhAAL Weeks, Melvyn. Systemic Financial Crises, Balance Sheets, and Model Uncertainity / Melvyn Weeks, Mark Stone. Washington, D.C. : International Monetary Fund, 2001. 1 online resource (38 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 empirically examines the probability and intensity of financial crises during the 1990s with a view to informing crisis prevention and mitigation policies. The econometric analysis uses a decision-theoretic approach, rather than the more standard general-to-specific approach, to address the high degree of model uncertainty. The results affirm the importance of balance sheets in the probability and intensity of financial crises, especially corporate balance sheet stresses and foreign exchange liquidity shortfalls. Model uncertainty is a bigger problem for estimating crisis intensity compared to crisis probability. Mode of access: Internet Stone, Mark. IMF Working Papers; Working Paper ; No. 2001/162 Full text available on IMF http://elibrary.imf.org/view/journals/001/2001/162/001.2001.issue-162-en.xml IMF e-Library