Document Type
Article
Journal/Book Title/Conference
Economics Research Institute Study Paper
Volume
13
Publisher
Utah State University Department of Economics
Publication Date
2002
Rights
Copyright for this work is held by the author. Transmission or reproduction of materials protected by copyright beyond that allowed by fair use requires the written permission of the copyright owners. Works not in the public domain cannot be commercially exploited without permission of the copyright owner. Responsibility for any use rests exclusively with the user. For more information contact the Institutional Repository Librarian at digitalcommons@usu.edu.
First Page
1
Last Page
29
Abstract
The objective of this paper is to analyze the effect of a probable financial crisis triggered by bank runs and the consequent currency crisis on the optimal choice of maturity structure of foreign debts. Theoretical analyses of the maturity stnlcture suggest some macroeconomic policies that the emerging markets can adopt in the form of financial regulations and exchange rate management. During the transition period from closed or controlled capital market to liberalized capital market, these policies should help the developing countries to prevent the occurrence of crisis.
Recommended Citation
Fang, Qiu and Biswas, Basudeb, "Maturity Structure of Foreign Debts in the Presence of a Possible Twin Crisis" (2002). Economic Research Institute Study Papers. Paper 246.
https://digitalcommons.usu.edu/eri/246