Global Financial Crisis, Financial Contagion, and Emerging Markets

WP/12/293

Nopic
The recent global financial crisis was the first in recent history that was triggered by problems in the financial system of the mature economies. Existing work on financial crisis in emerging market countries, however, almost exclusively focus on the role of financial frictions in the domestic economy. In contrast, we propose a two-country DSGE... READ MORE...

Publication date: December 2012
ISBN 9781475551167
$18.00

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Publication date: December 2012

English