Series: IMF Working Papers
Author(s): F. Gulcin Ozkan , and Filiz Unsal
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2010
Keywords: entrepreneurs, domestic economy, entrepreneur, open economy, domestic goods, And The Supply Of Money And Credit, international Finance, macroeconomic Aspects Of International Trade And Finance,
This paper develops a two-country DSGE model to investigate the transmission of a global financial crisis to a small open economy. We find that economies hit by a sudden stop arising from financial distress in the...