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IMF Staff Papers, Volume 49, No. 3

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...

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Bibliographic Details
Corporate Author: International Monetary Fund Research Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2002
Series:IMF Staff Papers
Subjects:
Economic & Financial Crises & Disasters
Inflation
Labour; Income Economics
Financial Crises
Income Distribution
Currency; Foreign Exchange
Monetary Economics
Inflation Targeting
Aggregate Factor Income Distribution
National Accounts
Money
Labor
Foreign Exchange
Demand For Money
Prices
Macroeconomics
Monetary Policy
Real Exchange Rates
Income Inequality
Financial Risk Management
Money And Monetary Policy
Uruguay
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary: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 banking crises cause money demand instability is found. The paper also analyzes inflation targeting in the context of the IMF-supported adjustment programs
Physical Description:260 pages
ISBN:9781589061224

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