IMF Staff papers, Volume 45 No. 2.
This paper analyzes contagion and volatility with imperfect credit markets. The paper interprets contagion effects as an increase in the volatility of shocks impinging on the economy. The implications of this approach are analyzed in a model in which domestic banks borrow at a premium on world capit...
| Autor Corporativo: | |
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| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
1998.
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| coleção: | IMF Staff Papers; IMF Staff Papers ;
No. 1998/003 |
| Acesso em linha: | Full text available on IMF |