01820cas a2200265 a 4500 AALejournalIMF012745 230101c9999 xx r poo 0 0eng d 15.00 USD 9781589061965 0251-6365 BD-DhAAL BD-DhAAL Hemming, Richard. Fiscal Vulnerability and Financial Crises in Emerging Market Economies / Richard Hemming, Axel Schimmelpfennig, Michael Kell. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (131 pages) Occasional 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 Fiscal problems have long been considered a central feature of financial--that is, currency, debt, and banking--crises. This paper addresses four questions: What are the fiscal causes of crises? Which fiscal vulnerability indicators help to predict crises? Can fiscal variables explain the severity of crises? And what are the fiscal consequences of crises? Its findings are based on statistical analysis of a large data set of fiscal variables for 29 emerging market economies over 1970-2000 and detailed case studies of 11 emerging market crises during the 1990s that focus on structural and institutional dimensions of fiscal vulnerability. Mode of access: Internet Kell, Michael. Schimmelpfennig, Axel. Occasional Papers; Occasional Paper ; No. 2003/002 Full text available on IMF http://elibrary.imf.org/view/books/084/02552-9781589061965-en/02552-9781589061965-en-book.xml IMF e-Library