01830cas a2200277 a 4500 AALejournalIMF009660 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451868210 1018-5941 BD-DhAAL BD-DhAAL Hofman, David. The Duration of Capital Account Crises-An Empirical Analysis / David Hofman, Ruben Atoyan, Dimitri Tzanninis, Mauro Mecagni. Washington, D.C. : International Monetary Fund, 2007. 1 online resource (42 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 examines the duration of capital account crises. We develop a new index to identify both the start and the end of these crises. Applying the index to a sample of 18 crisis episodes, we derive stylized facts on crisis duration and review the economic and financial circumstances that prevailed at the dusk of crises, a relatively unexplored area. We use the econometric technique of duration analysis to gauge the relative importance of various factors affecting the probability of exiting a crisis. We find that initial and external conditions are key determinants. But fiscal and monetary policies can also help shorten crisis duration. Mode of access: Internet Atoyan, Ruben. Mecagni, Mauro. Tzanninis, Dimitri. IMF Working Papers; Working Paper ; No. 2007/258 Full text available on IMF http://elibrary.imf.org/view/journals/001/2007/258/001.2007.issue-258-en.xml IMF e-Library