01717cas a2200253 a 4500 AALejournalIMF011823 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475502923 1018-5941 BD-DhAAL BD-DhAAL Imam, Patrick. Consequences of Asset Shortages in Emerging Markets / Patrick Imam, Jiaqian Chen. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (43 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 We assess econometrically the impact of asset shortages on economic growth, asset bubbles, the probability of a crisis, and the current account for a group of 41 Emerging markets for 1995-2008. The econometric estimations confirm that asset shortages pose a serious danger to EMs in terms of reducing economic growth, raising the probability of a crisis, and leading to asset price bubbles. Moreover, asset shortages can also explain the current account positions of EMs. The findings suggest that the consequences of asset shortages for macroeconomic stability are significant, and must be tackled urgently. We conclude with policy implications. Mode of access: Internet Chen, Jiaqian. IMF Working Papers; Working Paper ; No. 2012/102 Full text available on IMF http://elibrary.imf.org/view/journals/001/2012/102/001.2012.issue-102-en.xml IMF e-Library