Country Transparency and the Global Transmission of Financial Shocks /
This paper considers the role of country-level opacity (the lack of availability of information) in amplifying shocks emanating from financial centers. We provide a simple model where, in the presence of ambiguity (uncertainty about the probability distribution of returns), prices in emerging market...
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Format: | Zeitschrift |
Sprache: | English |
Veröffentlicht: |
Washington, D.C. :
International Monetary Fund,
2013.
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Schriftenreihe: | IMF Working Papers; Working Paper ;
No. 2013/156 |
Online Zugang: | Full text available on IMF |