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Global financial crisis, financial contagion and emerging markets /
The recent global financial crisis was the first in recent history that was triggered by problems in the financial system of the mature economies. Existing work on financial crisis in emerging market countries, however, almost exclusively focus on the role of financial frictions in the domestic econ...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Otros Autores: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
©2012.
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| Colección: | IMF working paper ;
WP/12/293. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | The recent global financial crisis was the first in recent history that was triggered by problems in the financial system of the mature economies. Existing work on financial crisis in emerging market countries, however, almost exclusively focus on the role of financial frictions in the domestic economy. In contrast, we propose a two-country DSGE model to investigate the transmission of a global financial crisis that originates from financial frictions in the rest of the world. We find that the scale of financial spillovers from the global to the domestic economy and trade openness are key dete. |
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| Descripción Física: | 1 online resource (57 pages) : illustrations. |
| Bibliografía: | Includes bibliographical references. |
| ISBN: | 9781475589849 1475589840 1475518498 9781475518498 1475551169 9781475551167 1475572271 9781475572278 |