Corsetti, Giancarlo; Guimaraes, Bernardo; Roubini, Nouriel - 2021
It is often argued that the provision of liquidity by the international institutions such as the IMF to countries … experiencing balance of payment problems can have catalytic effects on the behavior of international financial markets, i.e., it … model international financial crises are caused by the interaction of bad fundamentals, self-fulfilling runs and policies by …