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|z 9781451848984
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|a 1018-5941
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|a Catao, Luis.
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|a Banks and Monetary Shocks in Emerging Markets :
|b How Far Can We Go with the "Credit View"? /
|c Luis Catao, Sergio Rodriguez.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2000.
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|a 1 online resource (37 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper examines the propagation of monetary shocks in a two-good optimizing macromodel where domestic banking activity is costly and the non-tradable sector is highly dependent on domestic bank credit, as in most emerging market economies. The model develops the Bernanke-Blinder 'credit view' of the monetary transmission mechanism along classical lines, with no Keynesian rigidities being imposed and the only sources of 'imperfection' arising from deposit and credit-in-advance constraints. Using numerical simulations, we show that such a relatively simple model goes a long way toward explaining some key 'stylized facts' of recent financial crises.
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|a Mode of access: Internet
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|a Rodriguez, Sergio.
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|a IMF Working Papers; Working Paper ;
|v No. 2000/068
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2000/068/001.2000.issue-068-en.xml
|z IMF e-Library
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