Credit Constraints and the North-South Transmission of Crises

Credit Constraints and the North-South Transmission of Crises

Adverse shocks to rich countries often have a large and persistent negative impact on investment and output in developing countries. This paper examines a transmission mechanism that can account for this stylized fact. The mechanism is based on the...

Full description

Bibliographic Details
Main Author: Nguyen, Ha
Format: Policy Research Working Paper
Language:English
Published: 2012
Subjects:
ACCELERATOR
ACCOUNTING
ADVANCED COUNTRIES
ADVANCED COUNTRY
ADVANCED ECONOMIES
ADVANCED ECONOMY
ADVERSE IMPACT
ADVERSE IMPACTS
AFFILIATED ORGANIZATIONS
ASSET PRICE
ASSET PRICES
ASSET VALUE
BAILOUT
BENCHMARK
BORROWING CAPACITY
BUDGET CONSTRAINT
BUSINESS CYCLE
BUSINESS CYCLES
CAPITAL FLOWS
CAPITAL MARKET
CAPITAL MOVEMENTS
CAPITAL OUTFLOWS
CAPITAL REPATRIATION
CAPITAL STOCK
COLLATERAL
CONSUMPTION INCREASES
COST OF CAPITAL
COUNTRY CREDITS
CREDIT CONSTRAINT
CREDIT CONSTRAINTS
DEBT DATA
DEBT LEVEL
DEBT MARKET
DEBT OUTSTANDING
DEBT REPAYMENTS
DECLINE IN INVESTMENT
DEVELOPING COUNTRIES
DEVELOPING COUNTRY
DEVELOPING ECONOMY
DURABLE
DURABLE ASSET
DURABLE GOOD
ECONOMIC RESEARCH
ECONOMIC THEORY
EMERGING MARKET
EMERGING MARKET COUNTRIES
EMERGING MARKETS
ENFORCEMENT MECHANISM
EXTERNAL DEBT
EXTERNALITY
FINANCIAL CONTAGION
FINANCIAL CRISES
FINANCIAL CRISIS
FINANCIAL INTEGRATION
FINANCIAL MARKETS
FINANCIAL SYSTEM
FOREIGN BANKS
FOREIGN CAPITAL
FOREIGN INVESTORS
GDP
GLOBALIZATION
GLOBALIZATION OF SECURITIES
GROWTH RATES
HOLDINGS
HOME COUNTRIES
INTEREST RATE
INTERNATIONAL BANK
INTERNATIONAL ECONOMICS
INTERNATIONAL FINANCIAL CRISES
INTERNATIONAL FINANCIAL INSTITUTIONS
INTERNATIONAL FINANCIAL STATISTICS
INTERNATIONAL INVESTORS
INVESTING
LENDERS
LOAN
LONG TERM DEBT
MACROECONOMICS
MARGINAL PRODUCT
MARGINAL PRODUCTIVITY
MARGINAL UTILITY
MARKET INTEREST
MARKET INTEREST RATE
MARKET PRICE
MONETARY POLICY
NEGATIVE SHOCK
NEGATIVE SHOCKS
OPEN ECONOMIES
OUTPUT
OUTPUT LOSSES
POLITICAL ECONOMY
PORTFOLIO
PORTFOLIO CONSTRAINTS
PORTFOLIOS
PRICE DECLINES
PRODUCTION FUNCTION
PRODUCTIVITY
REAL EXCHANGE RATE
REPAYMENT
RETURN
RETURN ON INVESTMENT
RETURNS TO SCALE
RISK AVERSE
RISK AVERSION
RISK NEUTRAL
SECURITIES MARKETS
SHARE OF CAPITAL
SPOT MARKET
STOCK INDICES
STOCK MARKET
STOCK MARKETS
STOCK PRICES
STOCK RETURNS
TAXATION
TECHNOLOGY TRANSFER
TERMS OF CAPITAL
VOLATILITY
WORLD ECONOMY
Online Access:http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100830130101
http://hdl.handle.net/10986/3893

Internet

http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100830130101
http://hdl.handle.net/10986/3893

Similar Items