External finance, sudden stops, and financial crisis : what is different this time? /

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Bibliographic Details
Author / Creator:Özkan, Gülçin, author.
Imprint:[Washington, D.C.] : International Monetary Fund, ©2010.
Description:1 online resource (34 pages) : illustrations
Language:English
Series:IMF working paper, 1018-5941 ; WP/10/158
IMF working paper ; WP/10/158.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12498627
Hidden Bibliographic Details
Other authors / contributors:Unsal, D. Filiz, author.
International Monetary Fund. Asia and Pacific Department, issuing body.
ISBN:9781455236428
145523642X
9781455201419
1455201413
1282846302
9781282846302
Notes:Includes bibliographical references.
Print version record.
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.
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
Standard no.:10.5089/9781455201419.001

MARC

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245 1 0 |a External finance, sudden stops, and financial crisis :  |b what is different this time? /  |c prepared by F. Gulcin Ozkan and D. Filiz Unsal. 
260 |a [Washington, D.C.] :  |b International Monetary Fund,  |c ©2010. 
300 |a 1 online resource (34 pages) :  |b illustrations 
336 |a text  |b txt  |2 rdacontent 
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490 1 |a IMF working paper,  |x 1018-5941 ;  |v WP/10/158 
504 |a Includes bibliographical references. 
588 0 |a Print version record. 
520 3 |a 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. 
505 0 |a Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. The Model; A. Households; B. Firms; C. Entrepreneurs.; D. Monetary Policy; E. General Equilibrium and Balance of Payments Dynamics; III. Solution and Model Parametrization; A. Consumption, Production, and Monetary Policy; B. Entrepreneurs; 1. Parameter Values for Consumption, Production Sectors and Monetary Policy; 2. Parameter Values for Entrepreneurial Sector; IV. Impulse Response to Financial Shocks; A. Financial Crisis in the Domestic Economy. 
505 8 |a 1. Dynamic Responses to a Financial Crisis in Domestic Economy: Domestic EconomyB. Financial Crisis in the ROW; 2. Dynamic Responses to a Financial Crisis in ROW: Domestic Economy; 3. Dynamic Responses to a Financial Crisis in ROW: ROW; 4. Dynamic Responses to a Financial Crisis in ROW: Domestic Economy; 5. Dynamic Responses to a Financial Crisis in ROW: Domestic Economy; V. Conclusions; Optimal Contracting Problem; References; Footnotes. 
650 0 |a Business cycles  |x Econometric models. 
650 0 |a Financial crises  |x Econometric models. 
650 6 |a Cycles économiques  |x Modèles économétriques. 
650 7 |a Business cycles  |x Econometric models.  |2 fast  |0 (OCoLC)fst00842461 
650 7 |a Financial crises  |x Econometric models.  |2 fast  |0 (OCoLC)fst00924608 
655 4 |a Electronic books. 
700 1 |a Unsal, D. Filiz,  |e author.  |0 http://id.loc.gov/authorities/names/no2010005428 
710 2 |a International Monetary Fund.  |b Asia and Pacific Department,  |e issuing body.  |0 http://id.loc.gov/authorities/names/no97006778 
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830 0 |a IMF working paper ;  |v WP/10/158.  |0 http://id.loc.gov/authorities/names/no89010263 
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