Emerging Economy Business Cycles :: Financial Integration and Terms of Trade Shocks /
This paper analyses the extent to which financial integration impacts the manner in which terms of trade affect business cycles in emerging economies. Using a s mall open economy model, we show that as capital account openness increases in an economy that faces trade shocks, business cycle volatilit...
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| Hauptverfasser: | , , |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C. :
International Monetary Fund,
2013.
|
| Schriftenreihe: | IMF working paper ;
WP/13/119. |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper analyses the extent to which financial integration impacts the manner in which terms of trade affect business cycles in emerging economies. Using a s mall open economy model, we show that as capital account openness increases in an economy that faces trade shocks, business cycle volatility reduces. For an economy with limited financial openness, and a relatively open trade account, a model with exogenous terms of trade shocks is able to replicate the features of the business cycle. |
| Beschreibung: | Available in PDF, ePUB, and Mobi formats on the Internet. |
| Beschreibung: | 1 online resource (26 pages) |
| Bibliographie: | Includes bibliographical references (pages 23-25). |
| ISBN: | 1484372514 1484354605 9781484354605 9781484372517 |
| ISSN: | 2227-8885 ; |
Internformat
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| 100 | 1 | |a Bhattacharya, Rudrani, |e author. | |
| 245 | 1 | 0 | |a Emerging Economy Business Cycles : |b Financial Integration and Terms of Trade Shocks / |c prepared by Rudrani Bhattacharya, Ila Patnaik, Madhavi Pundit. |
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| 500 | |a Available in PDF, ePUB, and Mobi formats on the Internet. | ||
| 504 | |a Includes bibliographical references (pages 23-25). | ||
| 520 | 3 | |a This paper analyses the extent to which financial integration impacts the manner in which terms of trade affect business cycles in emerging economies. Using a s mall open economy model, we show that as capital account openness increases in an economy that faces trade shocks, business cycle volatility reduces. For an economy with limited financial openness, and a relatively open trade account, a model with exogenous terms of trade shocks is able to replicate the features of the business cycle. | |
| 505 | 0 | |a Cover; Contents; 1 Introduction; 2 Openness in emerging markets; 2.1 Financial versus trade openness; 2.2 Relative volatility of the terms of trade; 2.3 Current account volatility; 3 Case of India; 3.1 Limited financial openness; 3.2 Role of terms of trade; 4 Model; 5 Calibration; 6 Results; 6.1 Financial openness and volatility; 6.2 Business cycle features of an emerging economy; 7 Conclusion. | |
| 650 | 0 | |a Foreign exchange. |0 http://id.loc.gov/authorities/subjects/sh85050496 | |
| 650 | 0 | |a Business cycles. |0 http://id.loc.gov/authorities/subjects/sh85018278 | |
| 650 | 6 | |a Change. | |
| 650 | 6 | |a Cycles économiques. | |
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| 650 | 7 | |a Foreign exchange |2 fast | |
| 700 | 1 | |a Patnaik, Ila, |e author. | |
| 700 | 1 | |a Pundit, Madhavi, |e author. | |
| 710 | 2 | |a International Monetary Fund, |e issuing body. | |
| 730 | 0 | |a IMF eLibrary. | |
| 758 | |i has work: |a Emerging Economy Business Cycles (Text) |1 https://id.oclc.org/worldcat/entity/E39PCGCdQjmhVgkWY8hM8My7d3 |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |a Bhattacharya, Rudrani. |t Emerging Economy Business Cycles: Financial Integration and Terms of Trade Shocks. |d Washington, D.C. : International Monetary Fund,2013 |z 9781484354605 |
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| author | Bhattacharya, Rudrani Patnaik, Ila Pundit, Madhavi |
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| contents | Cover; Contents; 1 Introduction; 2 Openness in emerging markets; 2.1 Financial versus trade openness; 2.2 Relative volatility of the terms of trade; 2.3 Current account volatility; 3 Case of India; 3.1 Limited financial openness; 3.2 Role of terms of trade; 4 Model; 5 Calibration; 6 Results; 6.1 Financial openness and volatility; 6.2 Business cycle features of an emerging economy; 7 Conclusion. |
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| illustrated | Not Illustrated |
| indexdate | 2024-11-26T14:49:12Z |
| institution | BVB |
| isbn | 1484372514 1484354605 9781484354605 9781484372517 |
| issn | 2227-8885 ; |
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| spelling | Bhattacharya, Rudrani, author. Emerging Economy Business Cycles : Financial Integration and Terms of Trade Shocks / prepared by Rudrani Bhattacharya, Ila Patnaik, Madhavi Pundit. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (26 pages) text txt rdacontent computer c rdamedia online resource cr rdacarrier IMF Working Papers, 2227-8885 ; WP/13/119 Available in PDF, ePUB, and Mobi formats on the Internet. Includes bibliographical references (pages 23-25). This paper analyses the extent to which financial integration impacts the manner in which terms of trade affect business cycles in emerging economies. Using a s mall open economy model, we show that as capital account openness increases in an economy that faces trade shocks, business cycle volatility reduces. For an economy with limited financial openness, and a relatively open trade account, a model with exogenous terms of trade shocks is able to replicate the features of the business cycle. Cover; Contents; 1 Introduction; 2 Openness in emerging markets; 2.1 Financial versus trade openness; 2.2 Relative volatility of the terms of trade; 2.3 Current account volatility; 3 Case of India; 3.1 Limited financial openness; 3.2 Role of terms of trade; 4 Model; 5 Calibration; 6 Results; 6.1 Financial openness and volatility; 6.2 Business cycle features of an emerging economy; 7 Conclusion. Foreign exchange. http://id.loc.gov/authorities/subjects/sh85050496 Business cycles. http://id.loc.gov/authorities/subjects/sh85018278 Change. Cycles économiques. Business cycles fast Foreign exchange fast Patnaik, Ila, author. Pundit, Madhavi, author. International Monetary Fund, issuing body. IMF eLibrary. has work: Emerging Economy Business Cycles (Text) https://id.oclc.org/worldcat/entity/E39PCGCdQjmhVgkWY8hM8My7d3 https://id.oclc.org/worldcat/ontology/hasWork Print version: Bhattacharya, Rudrani. Emerging Economy Business Cycles: Financial Integration and Terms of Trade Shocks. Washington, D.C. : International Monetary Fund,2013 9781484354605 IMF working paper ; WP/13/119. FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1529343 Volltext |
| spellingShingle | Bhattacharya, Rudrani Patnaik, Ila Pundit, Madhavi Emerging Economy Business Cycles : Financial Integration and Terms of Trade Shocks / IMF working paper ; Cover; Contents; 1 Introduction; 2 Openness in emerging markets; 2.1 Financial versus trade openness; 2.2 Relative volatility of the terms of trade; 2.3 Current account volatility; 3 Case of India; 3.1 Limited financial openness; 3.2 Role of terms of trade; 4 Model; 5 Calibration; 6 Results; 6.1 Financial openness and volatility; 6.2 Business cycle features of an emerging economy; 7 Conclusion. Foreign exchange. http://id.loc.gov/authorities/subjects/sh85050496 Business cycles. http://id.loc.gov/authorities/subjects/sh85018278 Change. Cycles économiques. Business cycles fast Foreign exchange fast |
| subject_GND | http://id.loc.gov/authorities/subjects/sh85050496 http://id.loc.gov/authorities/subjects/sh85018278 |
| title | Emerging Economy Business Cycles : Financial Integration and Terms of Trade Shocks / |
| title_alt | IMF eLibrary. |
| title_auth | Emerging Economy Business Cycles : Financial Integration and Terms of Trade Shocks / |
| title_exact_search | Emerging Economy Business Cycles : Financial Integration and Terms of Trade Shocks / |
| title_full | Emerging Economy Business Cycles : Financial Integration and Terms of Trade Shocks / prepared by Rudrani Bhattacharya, Ila Patnaik, Madhavi Pundit. |
| title_fullStr | Emerging Economy Business Cycles : Financial Integration and Terms of Trade Shocks / prepared by Rudrani Bhattacharya, Ila Patnaik, Madhavi Pundit. |
| title_full_unstemmed | Emerging Economy Business Cycles : Financial Integration and Terms of Trade Shocks / prepared by Rudrani Bhattacharya, Ila Patnaik, Madhavi Pundit. |
| title_short | Emerging Economy Business Cycles : |
| title_sort | emerging economy business cycles financial integration and terms of trade shocks |
| title_sub | Financial Integration and Terms of Trade Shocks / |
| topic | Foreign exchange. http://id.loc.gov/authorities/subjects/sh85050496 Business cycles. http://id.loc.gov/authorities/subjects/sh85018278 Change. Cycles économiques. Business cycles fast Foreign exchange fast |
| topic_facet | Foreign exchange. Business cycles. Change. Cycles économiques. Business cycles Foreign exchange |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1529343 |
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