The transmission of financial stress from advanced to emerging economies / prepared by Ravi Balakrishnan [and others].

This paper studies how financial stress is transmitted from advanced to emerging economies, using a new financial stress index for emerging economies. An episode of financial stress is defined as a period when the financial system's ability to intermediate may be impaired. Previous financial cr...

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Bibliographic Details
Main Author: Balakrishnan, Ravi
Format: eBook
Language:English
Published: [Washington D.C.] : International Monetary Fund, 2009.
Series:IMF working paper ; WP/09/133.
Subjects:
Online Access:Click for online access

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245 1 4 |a The transmission of financial stress from advanced to emerging economies /  |c prepared by Ravi Balakrishnan [and others]. 
260 |a [Washington D.C.] :  |b International Monetary Fund,  |c 2009. 
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490 1 |a IMF working paper ;  |v WP/09/133 
504 |a Includes bibliographical references. 
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520 |a This paper studies how financial stress is transmitted from advanced to emerging economies, using a new financial stress index for emerging economies. An episode of financial stress is defined as a period when the financial system's ability to intermediate may be impaired. Previous financial crises in advanced economies passed through strongly and rapidly to emerging economies. In line with this pattern, the unprecedented spike in financial stress in advanced economies elevated financial stress across emerging economies above levels seen during the Asian crisis, but with significant cross-coun. 
505 0 |a I. INTRODUCTION*; II. MEASURING FINANCIAL STRESS; III. COMOVEMENT OF FINANCIAL STRESS: THEORY AND EVIDENCE; IV. TRANSMISSION OF STRESS: A COMPREHENSIVE ANALYSIS; V. CONCLUSIONS; REFERENCES. 
650 0 |a International finance. 
650 0 |a Financial crises. 
650 7 |a Financial crises  |2 fast 
650 7 |a International finance  |2 fast 
830 0 |a IMF working paper ;  |v WP/09/133. 
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