The role of interest rates in business cycle fluctuations in emerging market countries : the case of Thailand / Ivan Tchakarov and Selim Elekdag.

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 i...

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Bibliographic Details
Main Authors: Tchakarov, Ivan (Author), Elekdag, Selim (Author)
Corporate Author: International Monetary Fund. Asia and Pacific Department
Format: eBook
Published: [Washington, D.C.] : International Monetary Fund, Asia and Pacific Dept., ©2006.
Series:IMF working paper ; WP/06/110.
Online Access:Click for online access