Spillovers to Low-Income Countries: Importance of Systemic Emerging Markets

Working Paper No. 12/49

This paper documents the expanding economic linkages between low-income countries (LICs) and a narrow group of "Emerging Market leaders" that have become major players in regional and global trade and financial flows. VAR models show that these linkages have increased the share of growth volatility that can be attributed to foreign shocks in... READ MORE...

Publication date: February 2012
ISBN 9781463937102

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Publication date: February 2012


Publication date: February 2012