Author/Editor: Piti Disyatat, R Gelos.

Release Date:August, 2001

Benchmark following and portfolio rebalancing effects have often been cited when trying to explain international financial contagion phenomena. Using a dataset containing the country allocation of more...

Author/Editor: Piti Disyatat.

Release Date:May, 2001

This paper shows that the quality of banks within each country is one of the important factors that can account for the fact that developing economies tend to suffer more severe output contractions more...

Author/Editor: Piti Disyatat.

Release Date:February, 2001

This paper addresses the important question of how far a government will run down its stock of foreign reserves in a defense of a fixed exchange rate. An optimizing model of currency crisis is more...