Staff Paper Vol 49 No 3 (September 2002) (Spiea0032002)

By: Imf Staff

This paper empirically investigates the monetary impact of banking crises in Chile, Colombia, Denmark, Japan, Kenya, Malaysia, and Uruguay during 1975-98. Cointegration analysis and error correction modeling are used to research two issues: (i) whether money demand stability is threatened by banking crises; and (ii) whether crises lead to structural breaks in the relation between monetary indicators and prices. Overall, no systematic evidence that...

• Format: Paperback
• Language: English
• ISBN: 1589061225
• ISBN13: 9781589061224
• Release Date: September 2002
• Publisher: International Monetary Fund
• Weight: 0.73 lbs.
• Dimensions: 0.5" x 6.0" x 9.0"