The role of interest rates in business cycle fluctuations in emerging market countries : the case of Thailand /

The role of interest rates in business cycle fluctuations in emerging market countries : the case of Thailand /

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Bibliographic Details
Author / Creator:	Tchakarov, Ivan, author.
Imprint:	[Washington, D.C.] : International Monetary Fund, Asia and Pacific Dept., ©2006.
Description:	1 online resource (22 pages) : illustrations
Language:	English
Series:	IMF working paper, 2227-8885 ; WP/06/110 IMF working paper ; WP/06/110.
Subject:	Business cycles -- Thailand -- Econometric models. Foreign exchange rates -- Thailand -- Econometric models. Interest rates -- Thailand -- Econometric models. Business cycles -- Econometric models. Foreign exchange rates -- Econometric models. Interest rates -- Econometric models. Thailand.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/13357356

Hidden Bibliographic Details
Other authors / contributors:	Elekdag, Selim, author. International Monetary Fund. Asia and Pacific Department.
ISBN:	1283518244 9781283518246 9781451909043 1451909047 1462344763 9781462344765 145271584X 9781452715841 9786613830692 6613830690
Digital file characteristics:	text file
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.
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.
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
Standard no.:	10.5089/9781451909043.001

Description
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.
Physical Description:	1 online resource (22 pages) : illustrations
Format:	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.
Bibliography:	Includes bibliographical references.
ISBN:	1283518244 9781283518246 9781451909043 1451909047 1462344763 9781462344765 145271584X 9781452715841 9786613830692 6613830690
ISSN:	2227-8885 ;