Financial Crises in Emerging Markets and their Poverty Impact. A Review of the Literature

From:
Department for International Development
Published
1 January 2004
Document Type:
Literature Review
Theme:
Economic Growth
Authors:
Gottschalk, R.

Abstract

This paper reviews the literature on the financial crises of the late 1990s and early this century and their impact on poverty. It focuses on capital account-led crises in middle-income countries. These crises are mainly characterised by sharp domestic currency devaluation, which may, or may not, lead to the collapse of the country's banking system.

Citation

Gottschalk, R. Financial Crises in Emerging Markets and their Poverty Impact. A Review of the Literature. (2004) 34 pp.

Financial Crises in Emerging Markets and their Poverty Impact. A Review of the Literature

Updates to this page

Published 1 January 2004
Contents