Contagion and volatility with imperfect credit markets /
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Author / Creator: | Agénor, Pierre-Richard. |
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Imprint: | [Washington, D.C.] : International Monetary Fund, Research Dept., ©1997. |
Description: | 1 online resource (33 pages) : illustrations |
Language: | English |
Series: | IMF working paper ; WP/97/127 IMF working paper ; WP/97/127. |
Subject: | |
Format: | E-Resource Book |
URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12496705 |
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050 | 4 | |a HG3881.5.I58 |b W67 no.97/127 | |
100 | 1 | |a Agénor, Pierre-Richard. | |
245 | 1 | 0 | |a Contagion and volatility with imperfect credit markets / |c prepared by Pierre-Richard Agénor and Joshua Aizenman. |
260 | |a [Washington, D.C.] : |b International Monetary Fund, Research Dept., |c ©1997. | ||
300 | |a 1 online resource (33 pages) : |b illustrations | ||
336 | |a text |b txt |2 rdacontent | ||
337 | |a computer |b c |2 rdamedia | ||
338 | |a online resource |b cr |2 rdacarrier | ||
490 | 1 | |a IMF working paper ; |v WP/97/127 | |
504 | |a Includes bibliographical references (pages 32-33). | ||
506 | |3 Use copy |f Restrictions unspecified |2 star |5 MiAaHDL | ||
533 | |a Electronic reproduction. |b [Place of publication not identified] : |c HathiTrust Digital Library, |d 2010. |5 MiAaHDL | ||
538 | |a Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. |u http://purl.oclc.org/DLF/benchrepro0212 |5 MiAaHDL | ||
583 | 1 | |a digitized |c 2010 |h HathiTrust Digital Library |l committed to preserve |2 pda |5 MiAaHDL | |
588 | 0 | |a Print version record. | |
520 | 8 | |a Annotation |b This paper interprets contagion effects as an increase in the volatility of aggregate shocks impinging on the domestic economy. the implications of this approach are analyzed in a model with two types of credit market imperfections: domestic banks borrow at a premium on world capital markets, and domestic producers (whose demand for credit results from working capital needs) borrow at a premium from domestic banks. Higher volatility of producers productivity shocks increases both domestic and foreign financial spreads and the producers cost of capital, resulting in lower employment and higher incidence of default. Welfare effects are nonlinearly related to the degree of international financial integration. | |
650 | 0 | |a Credit |x Econometric models. | |
650 | 0 | |a Capital market |x Econometric models. | |
650 | 0 | |a Intermediation (Finance) |x Econometric models. | |
650 | 0 | |a Bank loans |x Econometric models. | |
650 | 0 | |a Interest rates |x Econometric models. | |
650 | 0 | |a Default (Finance) |x Econometric models. | |
650 | 0 | |a Bank deposits |x Econometric models. | |
650 | 0 | |a Banks and banking, International |x Econometric models. | |
650 | 6 | |a Crédit |x Modèles économétriques. | |
650 | 6 | |a Dépôts bancaires |x Modèles économétriques. | |
650 | 6 | |a Prêts bancaires |x Modèles économétriques. | |
650 | 6 | |a Intermédiation financière |x Modèles économétriques. | |
650 | 6 | |a Marché financier |x Modèles économétriques. | |
650 | 6 | |a Banques internationales |x Modèles économétriques. | |
650 | 6 | |a Défaillance (Finances) |x Modèles économétriques. | |
650 | 6 | |a Taux d'intérêt |x Modèles économétriques. | |
650 | 7 | |a Bank loans |x Econometric models. |2 fast |0 (OCoLC)fst00826709 | |
650 | 7 | |a Capital market |x Econometric models. |2 fast |0 (OCoLC)fst00846359 | |
650 | 7 | |a Credit |x Econometric models. |2 fast |0 (OCoLC)fst00882527 | |
650 | 7 | |a Default (Finance) |x Econometric models. |2 fast |0 (OCoLC)fst00889574 | |
650 | 7 | |a Interest rates |x Econometric models. |2 fast |0 (OCoLC)fst00976180 | |
650 | 7 | |a Intermediation (Finance) |x Econometric models. |2 fast |0 (OCoLC)fst00976484 | |
655 | 4 | |a Electronic books. | |
700 | 1 | |a Aizenman, Joshua. | |
710 | 2 | |a International Monetary Fund. |b Research Department. |0 http://id.loc.gov/authorities/names/n77001219 | |
776 | 0 | 8 | |i Print version: |a Agénor, Pierre-Richard. |t Contagion and volatility with imperfect credit markets. |d [Washington, D.C.] : International Monetary Fund, Research Dept., ©1997 |w (OCoLC)37901095 |
830 | 0 | |a IMF working paper ; |v WP/97/127. |0 http://id.loc.gov/authorities/names/no89010263 | |
856 | 4 | 0 | |u http://elibrary.imf.org/view/journals/001/1997/127/001.1997.issue-127-en.xml |y INTERNATIONAL MONETARY FUND |
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928 | |t Library of Congress classification |a HG3881.5.I58W67 no.97/127 |l Online |c UC-FullText |u http://elibrary.imf.org/view/journals/001/1997/127/001.1997.issue-127-en.xml |z INTERNATIONAL MONETARY FUND |g ebooks |i 12140735 |