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150128 ||| eng |
020 |
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|a 9781451871340
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100 |
1 |
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|a Mody, Ashoka
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245 |
0 |
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|a From Crisis to IMF-Supported Program
|b Does democracy impede the speed required by financial markets?
|c Ashoka Mody, Diego Saravia
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2008
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300 |
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|a 33 pages
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651 |
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4 |
|a United States
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653 |
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|a Economic & financial crises & disasters
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653 |
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|a Energy: Demand and Supply
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653 |
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|a Oil prices
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653 |
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|a Investment
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653 |
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|a Financial crises
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653 |
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|a Currency; Foreign exchange
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653 |
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|a Long-term Capital Movements
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653 |
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|a Exports and Imports
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653 |
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|a Intangible Capital
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653 |
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|a International economics
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653 |
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|a Foreign Exchange
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653 |
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|a Depreciation
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653 |
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|a Saving and investment
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653 |
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|a Investments: General
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653 |
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|a Macroeconomics
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653 |
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|a Prices
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653 |
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|a Sudden stops
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653 |
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|a Capacity
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653 |
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|a Capital movements
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653 |
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|a Exchange rates
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653 |
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|a Capital
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653 |
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|a Financial Risk Management
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653 |
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|a Foreign exchange
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653 |
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|a International Investment
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653 |
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|a Financial Crises
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700 |
1 |
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|a Saravia, Diego
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041 |
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7 |
|a eng
|2 ISO 639-2
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989 |
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|b IMF
|a International Monetary Fund
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490 |
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|a IMF Working Papers
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028 |
5 |
0 |
|a 10.5089/9781451871340.001
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856 |
4 |
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|u https://elibrary.imf.org/view/journals/001/2008/276/001.2008.issue-276-en.xml?cid=22484-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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520 |
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|a Has the spread of democracy and political participation impeded the need for speed required by financial markets and the elevated threat of contagion across borders? We examine the time span between the onset of a financial crisis and the agreement on an IMF-supported adjustment program. This span appears to have decreased over time. More precisely, we find that the time from a crisis to the approval of a program has been smaller the more serious the crisis. Importantly, this responsiveness to a widening range of financial vulnerabilities has increased with growing financial integration. Democracies, particularly those with checks and balances, have been sensitive to time pressures
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