Common Fundamentals in the Tequila and Asian Crises

Aaron Tornell

No 7139, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: The cross-country variation in the severity of the crisis was largely determined by three fundamentals: the strength of the banking system, the real appreciation, and the international liquidity of the country. We also find that the rule that links fundamentals to the crisis severity has been the same in both the Tequila and Asian crises.

JEL-codes: E44 F32 (search for similar items in EconPapers)
Date: 1999-05
New Economics Papers: this item is included in nep-ifn
Note: IFM
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Working Paper: Common Fundamentals in the Tequila and Asian Crises (1999)
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