Contagion and Volatility with Imperfect Credit Markets /

This paper interprets contagion effects as an increase in the volatility of aggregate shocks impinging on the domestic economy. The implications of this approach are analyzed in a model with two types of credit market imperfections: domestic banks borrow at a premium on world capital markets, and do...

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Xehetasun bibliografikoak
Egile nagusia: Aizenman, Joshua
Beste egile batzuk: Agenor, Pierre-Richard
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 1997.
Saila:IMF Working Papers; Working Paper ; No. 1997/127
Sarrera elektronikoa:Full text available on IMF