Does Short-Term Debt Increase Vulnerability to Crisis? Evidence from the East Asian Financial Crisis
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https://www.nber.org/papers/w17468
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资源简介:
Does short-term debt increase vulnerability to financial crisis, or does short-term debt reflect -- rather than cause -- the incipient crisis? We study the role that short-term debt played in the collapse of the East Asian financial sector in 1997-1998. We alleviate concerns about the endogeneity of
提供机构:
美国国家经济研究局
创建时间:
2011-09-01



