International financial contagion and the IMF : a theoretical framework /
We provide a model of contagion where countries borrow or lend for consumption smoothing at the market interest rate or a lower IMF rate. Highly indebted countries hit by large negative shocks to output will default. The resulting reduction in loanable funds raises interest rates, increases the vuln...
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| Format: | Book |
| Language: | English |
| Published: |
[Washington, D.C.] :
International Monetary Fund, Research Department,
c2001
[Washington, D.C.] : International Monetary Fund, Research Dept., ©2001 |
| Series: | IMF working paper ;
WP/01/137 |
| Subjects: |
Internet
This item is not available through BorrowDirect. Please contact your institution’s interlibrary loan office for further assistance.Massachusetts Institute of Technology
| Call Number: |
HG3810.I45 no.WP/01/137 |
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