Exchange Rate Volatility and the Credit Channel in Emerging Markets: A Vertical Perspective
收藏NBER2004-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w10517
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资源简介：
Firms in emerging markets are exposed to severe financial frictions and credit constraints, that are exacerbated by the sudden stop of capital inflows. Can monetary policy offset this external credit squeeze? We show that although this may be the case during moderate contractions (or in partial
提供机构：
美国国家经济研究局
创建时间：
2004-05-01
