by
Richard Mr. Hemming, Axel Mr. Schimmelpfennig, Michael Mr. Kell
Language: English
Release Date: May 23, 2003
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...