Global financial crisis, financial contagion and emerging markets /

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Bibliographic Details
Author / Creator:	Ozkan, F. Gulcin.
Imprint:	Washington, D.C. : International Monetary Fund, ©2012.
Description:	1 online resource (57 pages) : illustrations.
Language:	English
Series:	IMF working paper ; WP/12/293 IMF working paper ; WP/12/293.
Subject:	Global Financial Crisis, 2008-2009. Financial crises -- Developing countries. Financial crises -- Developing countries -- Econometric models. Financial crises. Financial crises -- Econometric models. Developing countries. Electronic books.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/11306965

Hidden Bibliographic Details
Other authors / contributors:	Unsal, D. Filiz.
ISBN:	9781475589849 1475589840 9781475518498 9781475551167 1475518498 9781475518498 1475551169 9781475551167
Notes:	Includes bibliographical references.
Summary:	The recent global financial crisis was the first in recent history that was triggered by problems in the financial system of the mature economies. Existing work on financial crisis in emerging market countries, however, almost exclusively focus on the role of financial frictions in the domestic economy. In contrast, we propose a two-country DSGE model to investigate the transmission of a global financial crisis that originates from financial frictions in the rest of the world. We find that the scale of financial spillovers from the global to the domestic economy and trade openness are key dete.

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