Contagion and Volatility with Imperfect Credit Markets
收藏数据链接:
官方服务:
资源简介:
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
提供机构:
美国国家经济研究局创建时间:
1997-07-01



