The Initial Impact of the Crisis on Emerging Market Countries
To understand the diverse impact of the crisis across emerging market countries, we explore the role of two shocks-the collapse in trade and the sharp decline in financial flows-in the transmission of the crisis from the advanced economies. We first develop a simple open economy model, which allows...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
Brookings Institution Press,
2011-06-30T19:56:27Z.
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| Subjects: | |
| Online Access: | Get fulltext |