TY  - JOUR
AU  - Tornell,Aaron
TI  - Common Fundamentals in the Tequila and Asian Crises
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 7139
PY  - 1999
Y2  - May 1999
UR  - http://www.nber.org/papers/w7139
L1  - http://www.nber.org/papers/w7139.pdf
N1  - Author contact info:
Aaron Tornell
Department of Economics
UCLA
405 Hilgard Ave, Bunche Hall #8283
Los Angeles, CA  90095-1477
Tel: 310/794-1686
Fax: 310/825-9528
E-Mail: tornell@econ.ucla.edu
AB  - The cross-country variation in the severity of the crisis was largely determined by three fundamentals: the strength of the banking system, the real appreciation, and the international liquidity of the country.  We also find that the rule that links fundamentals to the crisis severity has been the same in both the Tequila and Asian crises.
ER  -