Emerging Economy Business Cycles : Financial Integration and Terms of Trade Shocks /

This paper analyses the extent to which financial integration impacts the manner in which terms of trade affect business cycles in emerging economies. Using a s mall open economy model, we show that as capital account openness increases in an economy that faces trade shocks, business cycle volatilit...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Bhattacharya, Rudrani
مؤلفون آخرون: Patnaik, Ila, Pundit, Madhavi
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2013.
سلاسل:IMF Working Papers; Working Paper ; No. 2013/119
الوصول للمادة أونلاين:Full text available on IMF
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100 1 |a Bhattacharya, Rudrani. 
245 1 0 |a Emerging Economy Business Cycles :   |b Financial Integration and Terms of Trade Shocks /  |c Rudrani Bhattacharya, Ila Patnaik, Madhavi Pundit. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2013. 
300 |a 1 online resource (26 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper analyses the extent to which financial integration impacts the manner in which terms of trade affect business cycles in emerging economies. Using a s mall open economy model, we show that as capital account openness increases in an economy that faces trade shocks, business cycle volatility reduces. For an economy with limited financial openness, and a relatively open trade account, a model with exogenous terms of trade shocks is able to replicate the features of the business cycle. 
538 |a Mode of access: Internet 
700 1 |a Patnaik, Ila. 
700 1 |a Pundit, Madhavi. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2013/119 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2013/119/001.2013.issue-119-en.xml  |z IMF e-Library