The Systemic Impact of Debt Default in a Multilayered Global Network Model /

The world has become more interconnected over the past few decades. Against this backdrop, economic and financial contagion following adverse shocks can have a severe impact on the global economy. How systemic can the effects of contagion be? What specific transmission channels are involved? What is...

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Bibliographic Details
Main Author: Porter, Nathan
Other Authors: Eugster, Johannes, Mora, Camilo Tovar, Trevino, Juan
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2022.
Series:IMF Working Papers; Working Paper ; No. 2022/171
Subjects:
Online Access:Full text available on IMF