Compartir
International Finance Discussion Papers: Emerging Market Business Cycles with Remittance Fluctuations (en Inglés)
United States Federal Reserve Board
(Autor)
·
Ceyhun Bora Durdu
(Autor)
·
Serdar Sayan
(Autor)
·
Bibliogov
· Tapa Blanda
International Finance Discussion Papers: Emerging Market Business Cycles with Remittance Fluctuations (en Inglés) - Durdu, Ceyhun Bora ; Sayan, Serdar ; United States Federal Reserve Board
$ 34.01
$ 47.22
Ahorras: $ 13.22
Elige la lista en la que quieres agregar tu producto o crea una nueva lista
✓ Producto agregado correctamente a la lista de deseos.
Ir a Mis Listas
Origen: Estados Unidos
(Costos de importación incluídos en el precio)
Se enviará desde nuestra bodega entre el
Jueves 25 de Julio y el
Jueves 01 de Agosto.
Lo recibirás en cualquier lugar de Internacional entre 1 y 3 días hábiles luego del envío.
Reseña del libro "International Finance Discussion Papers: Emerging Market Business Cycles with Remittance Fluctuations (en Inglés)"
This paper analyzes the implications of remittance fluctuations for various macroeconomic variables and Sudden Stops. The paper employs a quantitative two-sector model of a small open economy with financial frictions calibrated to Mexican and Turkish economies, two major recipients, whose remittance receipts feature opposite cyclical characteristics. We find that remittances dampen the business cycles in Mexico, whereas they amplify the cycles in Turkey. Their quantitative effects in the long run, approximated by the stochastic steady state are mild. In the short run, however, remittances have quantitatively large impacts on the economy, when the economy is borrowing constrained. This is because agents in the economy cannot adjust their precautionary wealth to sudden tightening in credit, hence, fluctuations in remittances get magnified through an endogenous debt-deflation mechanism. Our findings suggest that procyclical (or countercyclical) remittances can play a significant deepening (or mitigating) role for Sudden Stops.
- 0% (0)
- 0% (0)
- 0% (0)
- 0% (0)
- 0% (0)
Todos los libros de nuestro catálogo son Originales.
El libro está escrito en Inglés.
La encuadernación de esta edición es Tapa Blanda.
✓ Producto agregado correctamente al carro, Ir a Pagar.