Contagion and volatility with imperfect credit markets

This paper interprets contagion effects as a perceived increase (triggered by events occurring elsewhere) 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 b...

Ausführliche Beschreibung

Bibliographische Detailangaben

Hauptverfasser:	Agénor, Pierre-Richard 1957- (VerfasserIn), Aizenman, Joshua 1949- (VerfasserIn)
Format:	Buch
Sprache:	English
Veröffentlicht:	Cambridge, Mass. 1997
Schriftenreihe:	National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 6080
Schlagworte:	Kapitaalmarkt Onvolledige concurrentie Ökonometrisches Modell Bank deposits > Econometric models Bank loans > Econometric models Banks and banking, International > Econometric models Capital market > Econometric models Credit > Econometric models Default (Finance) > Econometric models Intermediation (Finance) > Econometric models
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