Growth and Crisis, Unavoidable Connection?

Growth and Crisis, Unavoidable Connection?
In emerging economies periods of rapid growth and large capital inflows can be followed by sudden stops and financial crises. I show that, in the presence of financial markets imperfections, a simple modification of a neoclassical growth model can account for these facts. I study a growth model for a small open economy where decreasing marginal... READ MORE...

Publication date: November 2010
ISBN 9781455210749
$18.00

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