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- W2052750060 abstract "A positive correlation between short-term debt and crises has been interpreted as evidence in favor of self-fulfilling creditor runs, which have been blamed for financial crises in developing countries. We show that this correlation can also be explained by a standard model of optimal borrowing without creditor runs. In such a model, imposing capital controls on short-term external debt is not Pareto-improving." @default.
- W2052750060 created "2016-06-24" @default.
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- W2052750060 date "2002-01-01" @default.
- W2052750060 modified "2023-09-23" @default.
- W2052750060 title "Empirical Models of Short-Term Debt and Crises: Do They Test the Creditor Run Hypothesis?" @default.
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- W2052750060 doi "https://doi.org/10.2139/ssrn.314922" @default.
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