Growth and Crisis, Unavoidable Connection? /
In emerging economies periods of rapid growth and large capital inflows can be followed by sudden stops and financial crises. I show that, in the presence of financial markets imperfections, a simple modification of a neoclassical growth model can account for these facts. I study a growth model for...
| Автор: | |
|---|---|
| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
2010.
|
| Серія: | IMF Working Papers; Working Paper ;
No. 2010/267 |
| Онлайн доступ: | Full text available on IMF |