The Structural Determinants of External Vulnerability

The Structural Determinants of External Vulnerability

The Structural Determinants of External Vulnerability Norman V. Loayza and Claudio Raddatz This article examines empirically how domestic structural characteristics related to openness and product- and factor-market flexibility influence the impact of terms of trade shocks on aggregate output. Apply...

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Bibliographic Details
Main Authors:	Loayza, Norman V., Raddatz, Claudio
Format:	Journal Article
Published:	World Bank 2012
Subjects:	business cycle external shocks growth volatility labor markets macroeconomic stability Macroeconomic volatility openness terms of trade terms of trade shocks trade openness
Online Access:	http://hdl.handle.net/10986/4462

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