International Financial Crises: Causes, Prevention, and Cures

By Lawrence H. Summers. 2000

727 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/d36a60c40d5441a45bd4a4c11cb7aa4f91f53624

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Citations in the corpus

Contagion and causality: an empirical investigation of four Asian crisis episodes (2003, neutral): “According to Summers (2000): "A crisis in one country can affect investors' expectations and perceptions about common structural conditions and vulnerabilities in other countries and the likely policy response to such vulnerabilities."”
Financial Globalization and Economic Policies (2009, neutral): “Research published in this series may include views on policy, but the institute itself takes no institutional policy positions.”
Capital Controls: Theory and Evidence (2019, neutral): “Following this conventional wisdom, many economists at the time argued that all countries should aim to liberalize their capital accounts (see, e.g., Dornbusch 2000, Summers 2000, and Fischer 2003).”
Exchange Rate Regimes, Capital Flows and Crisis Prevention (2001, positive): “Using a VAR analysis, De Gregorio et al (1998) and Soto (1997) found that an innovation to the tax had a positive and very small, short-term effect on indexed interest rates.”
Capital account liberalization, free long-term capital flows, financial crises and economic development (2003, neutral): “This paper will take major issue, with the orthodox laissez faire position (see for example Summers, 2000; Fischer, 2000), of the desirability of speedy capital account liberalisation in developing countries.”
Financial Globalization: A Reappraisal (2009, background): “Others argue that increased openness to capital flows has, by and large, proven essential for countries aiming to upgrade from lower to middle income status, while significantly enhancing stability among industrialized countries (e.g., Fischer, 1998; Summers, 2000).”
Estimating Systemic Risk in the International Financial System (2005, neutral): “See for instance Fischer (1999), Rogoff (1999), and Summers (2000). via disruptions in local lending channels.2 In contrast, others (see especially, Darby 1994) have argued that recent financial innovations (e.g., the burgeoning credit derivatives market) and the increased activity of non-banking…”
Capital account liberalization, financial depth, and economic growth (2008, background): “4 Addressing these points, Summers (2000) writes: \ : : : to the extent that international ¯nancial integration represents an improvement in ¯nancial intermediation, : : : [perhaps] because institutions involved in the transfer of capital across jurisdictions improve e±ciency with which capital is…”