Contagion and Volatility with Imperfect Credit Markets
收藏NBER1997-07-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w6080
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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



