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...

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Bibliographic Details
Main Author: Bhattacharya, Rudrani
Other Authors: Patnaik, Ila, Pundit, Madhavi
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2013.
Series:IMF Working Papers; Working Paper ; No. 2013/119
Online Access:Full text available on IMF

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