Hidden Bibliographic Details
| Other authors / contributors: | Unsal, D. Filiz, author.
International Monetary Fund. Asia and Pacific Department, issuing body.
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| ISBN: | 9781455236428
145523642X
9781455201419
1455201413
1282846302
9781282846302
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| Notes: | Includes bibliographical references.
Print version record.
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| Summary: | This paper develops a two-country DSGE model to investigate the transmission of a global financial crisis to a small open economy. We find that economies hit by a sudden stop arising from financial distress in the global economy are likely to face a more prolonged crisis than sudden stop episodes of domestic origin. Moreover, in contrast to the existing literature, our results suggest that the greater a country's trade integration with the rest of the world, the greater the response of its macroeconomic aggregates to a sudden stop of capital flows.
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| Other form: | Print version: Fund, International Monetary. External Finance, Sudden Stops, and Financial Crisis: What is Different This Time? Washington : International Monetary Fund, ©2010 9781455201419
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| Standard no.: | 10.5089/9781455201419.001
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