IMF Research Bulletin, September 2010
Author | : International Monetary Fund. Research Dept. |
Publisher | : International Monetary Fund |
Total Pages | : 12 |
Release | : 2010-09-30 |
ISBN-10 | : 9781455243143 |
ISBN-13 | : 1455243140 |
Rating | : 4/5 (43 Downloads) |
Download or read book IMF Research Bulletin, September 2010 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2010-09-30 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes transmission of the great recession from advanced to emerging economies. The widespread impact of the global financial crisis of 2008–09 has spurred researchers to examine how the associated recession was transmitted from advanced to emerging economies. Recent IMF studies have found that precrisis vulnerabilities such as large current account deficits, rapid credit growth, and high levels of short-term debt were strongly associated with the magnitude of spillovers. Trade, bank lending, and financial markets served as key transmission channels.