Contagion and Volatility with Imperfect Credit Markets

Contagion and Volatility with Imperfect Credit Markets
This paper interprets contagion effects as an increase in the volatility of aggregate shocks impinging on the domestic economy. The implications of this approach are analyzed in a model with two types of credit market imperfections: domestic banks borrow at a premium on world capital markets, and domestic producers (whose demand for credit... READ MORE...

Publication date: October 1997
ISBN 9781451935967
$15.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats

Paperback

Publication date: October 1997

PDF

Publication date: October 1997

ePub

Publication date: October 1997

Mobi

Publication date: October 1997

English