Hidden Bibliographic Details
| Other authors / contributors: | Elekdag, Selim, author.
International Monetary Fund. Asia and Pacific Department.
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| ISBN: | 1283518244
9781283518246
9781451909043
1451909047
1462344763
9781462344765
145271584X
9781452715841
9786613830692
6613830690
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| Digital file characteristics: | text file
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| Notes: | Includes bibliographical references.
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
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. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | Emerging market countries have enjoyed an exceptionally favorable economic environment throughout 2004, 2005, and early 2006. In particular, accommodative U.S. monetary policy in recent years has helped create an environment of low interest rates in international capital markets. However, if world interest rates were to take a sudden upward course, this would lead to less hospitable financing conditions for emerging market countries. The purpose of this paper is to measure the effects of world interest rate shocks on real activity in Thailand. The analysis incorporates balance sheet related credit market frictions into the IMF's Global Economy Model (GEM) and finds that Thailand would best minimize the adverse effects of rising world interest rates if it were to follow a flexible exchange rate regime.
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| Other form: | Print version: Tchakarov, Ivan. Role of interest rates in business cycle fluctuations in emerging market countries. [Washington, D.C.] : International Monetary Fund, Asia and Pacific Dept., 2006
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| Standard no.: | 10.5089/9781451909043.001
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