The Resource Exchange rate flexibility and credit during capital inflow reversals : purgatory ... not paradise, Nicolas E. Magud and Esteban R. Vesperoni

Exchange rate flexibility and credit during capital inflow reversals : purgatory ... not paradise, Nicolas E. Magud and Esteban R. Vesperoni

Label
Exchange rate flexibility and credit during capital inflow reversals : purgatory ... not paradise
Title
Exchange rate flexibility and credit during capital inflow reversals
Title remainder
purgatory ... not paradise
Statement of responsibility
Nicolas E. Magud and Esteban R. Vesperoni
Creator
Contributor
Author
Issuing body
Subject
Genre
Language
  • eng
  • eng
Summary
We document the behavior of macro and credit variables during episodes of capital inflows reversals in economies with different degrees of exchange rate flexibility. We find that exchange rate flexibility is associated with milder credit growth during the boom but, even though smaller than in more rigid regimes, it cannot shield the economy from a credit reversal. Furthermore, we observe what we dub as a recovery puzzle: credit growth in economies with more flexible exchange rate regimes remains tepid well after the capital flow reversal takes place. This results stress the complementarity of
Member of
Cataloging source
MiAaPQ
http://library.link/vocab/creatorName
Magud, Nicolas E
Dewey number
332.042
Illustrations
illustrations
Index
no index present
Language note
English
LC call number
HG3891
LC item number
.M348 2014
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • International Monetary Fund
  • Vesperoni, Esteban R.
Series statement
IMF Working Paper
Series volume
WP/14/61
http://library.link/vocab/subjectName
  • Capital movements
  • Foreign exchange rates
  • Credit
Label
Exchange rate flexibility and credit during capital inflow reversals : purgatory ... not paradise, Nicolas E. Magud and Esteban R. Vesperoni
Instantiates
Publication
Copyright
Note
Description based upon print version of record
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
  • cr
Content category
text
Content type code
  • txt
Contents
  • ""Cover""; ""Contents""; ""Abstract""; ""I. Introduction""; ""II. Selected (Recent) Literature Review""; ""III. Data Description""; ""IV. Identifying Capital Flows Reversals: Methodology""; ""A. Capital Inflows Booms""; ""B. Capital Flows Reversals""; ""C. Identification Results: Some Descriptive Statistics""; ""V. Event Analysis: Documenting Stylized Facts""; ""A. The Macroeconomic Environment""; ""B. Banking Sector Credit""; ""C. Robustness""; ""VI. Econometric Analysis""; ""A. Models""; ""B. Results""; ""VII. Policy Implications""; ""VIII. Concluding Remarks""; ""Appendix 1""
  • ""Appendix 2""""References""; ""Tables""; ""1: Coarse Exchange Rate Classification""; ""2: Capital Inflow Reversal Events""; ""3: Real Credit Growth""; ""4: Credit Growth and Exchange Rate Regime""; ""Figures""; ""1: Regional Distribution""; ""2: Macroeconomic Variables""; ""3: Banking Sector Credit""; ""4: Coefficient for the Exchange Rate Regime""
Dimensions
unknown
Extent
1 online resource (31 p.)
Form of item
online
Isbn
9781484353776
Media category
computer
Media type code
  • c
Specific material designation
remote
System control number
  • (CKB)2550000001306032
  • (EBL)1692526
  • (OCoLC)886106869
  • (SSID)ssj0001305220
  • (PQKBManifestationID)11752140
  • (PQKBTitleCode)TC0001305220
  • (PQKBWorkID)11250307
  • (PQKB)10926447
  • (MiAaPQ)EBC1692526
  • (EXLCZ)992550000001306032
Label
Exchange rate flexibility and credit during capital inflow reversals : purgatory ... not paradise, Nicolas E. Magud and Esteban R. Vesperoni
Publication
Copyright
Note
Description based upon print version of record
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
  • cr
Content category
text
Content type code
  • txt
Contents
  • ""Cover""; ""Contents""; ""Abstract""; ""I. Introduction""; ""II. Selected (Recent) Literature Review""; ""III. Data Description""; ""IV. Identifying Capital Flows Reversals: Methodology""; ""A. Capital Inflows Booms""; ""B. Capital Flows Reversals""; ""C. Identification Results: Some Descriptive Statistics""; ""V. Event Analysis: Documenting Stylized Facts""; ""A. The Macroeconomic Environment""; ""B. Banking Sector Credit""; ""C. Robustness""; ""VI. Econometric Analysis""; ""A. Models""; ""B. Results""; ""VII. Policy Implications""; ""VIII. Concluding Remarks""; ""Appendix 1""
  • ""Appendix 2""""References""; ""Tables""; ""1: Coarse Exchange Rate Classification""; ""2: Capital Inflow Reversal Events""; ""3: Real Credit Growth""; ""4: Credit Growth and Exchange Rate Regime""; ""Figures""; ""1: Regional Distribution""; ""2: Macroeconomic Variables""; ""3: Banking Sector Credit""; ""4: Coefficient for the Exchange Rate Regime""
Dimensions
unknown
Extent
1 online resource (31 p.)
Form of item
online
Isbn
9781484353776
Media category
computer
Media type code
  • c
Specific material designation
remote
System control number
  • (CKB)2550000001306032
  • (EBL)1692526
  • (OCoLC)886106869
  • (SSID)ssj0001305220
  • (PQKBManifestationID)11752140
  • (PQKBTitleCode)TC0001305220
  • (PQKBWorkID)11250307
  • (PQKB)10926447
  • (MiAaPQ)EBC1692526
  • (EXLCZ)992550000001306032

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