Sudden Financial Arrest
Name
Sudden Financial Arrest.pdf
Size
466.3 KB
Format
Adobe PDF
Checksum (MD5)
b2a0af8fe151bbbfa36deb7fd85d5197
Author(s)
Caballero, Ricardo J.
Date Issued
July 2010
Journal
IMF Economic Review
Publisher
Palgrave Macmillan
Citation
Caballero, Ricardo J. "Sudden Financial Arrest." IMF Economic Review, 2010/07/20/online
Version
Author's final manuscript
Abstract
There are striking and terrifying similarities between the sudden failure of a heart and that of a financial system. In the medical literature, the former is referred to as sudden cardiac arrest. By analogy, I refer to its financial counterpart as a sudden financial arrest. In this article I describe the latter and its treatment guided by its medical counterpart.
Description
This paper was presented as the Mundell-Fleming Lecture at the Tenth Jacques Polak Annual Research Conference at the International Monetary Fund in Washington held November 5–6, 2009.
MIT Department
Massachusetts Institute of Technology. Department of Economics
Terms of Use
Creative Commons Attribution-Noncommercial-Share Alike 3.0
Persistent DSpace Link
DOI of Published Version
https://doi.org/10.1057/imfer.2010.1
