External Finance, Sudden Stops, and Financial Crisis : What is Different This Time? /

This paper develops a two-country DSGE model to investigate the transmission of a global financial crisis to a small open economy. We find that economies hit by a sudden stop arising from financial distress in the global economy are likely to face a more prolonged crisis than sudden stop episodes of...

पूर्ण विवरण

ग्रंथसूची विवरण
मुख्य लेखक: Ozkan, F. Gulcin
अन्य लेखक: Unsal, Filiz
स्वरूप: पत्रिका
भाषा:English
प्रकाशित: Washington, D.C. : International Monetary Fund, 2010.
श्रृंखला:IMF Working Papers; Working Paper ; No. 2010/158
ऑनलाइन पहुंच:Full text available on IMF