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...
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| Formaat: | Tijdschrift |
| Taal: | English |
| Gepubliceerd in: |
Washington, D.C. :
International Monetary Fund,
2010.
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| Reeks: | IMF Working Papers; Working Paper ;
No. 2010/158 |
| Online toegang: | Full text available on IMF |