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IMF Research Bulletin, September 2010
Author:
International Monetary Fund. Research Dept.
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Series:
IMF Research Bulletin
Volume/Issue:
Volume 2010: Issue 003
Language:
English
Publication Date:
01 Sep 2010
DOI:
https://doi.org/10.5089/9781455243143.026
ISBN:
9781455243143
ISSN:
1020-8313
Pages:
12
Keywords:
IRB; IMF research bulletin; intermediary balance sheet quantity; household leverage; macro risk premium; market; recapitalization in closed economy; Emerging and frontier financial markets; Multilateral development institutions; Stock markets; Global; Europe
Legal-disclaimer:
The views expressed are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Material from this publication may be reprinted with proper attribution.
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This paper analyzes transmission of the great recession from advanced to emerging economies. The widespread impact of the global financial crisis of 2008–09 has spurred researchers to examine how the associated recession was transmitted from advanced to emerging economies. Recent IMF studies have found that precrisis vulnerabilities such as large current account deficits, rapid credit growth, and high levels of short-term debt were strongly associated with the magnitude of spillovers. Trade, bank lending, and financial markets served as key transmission channels.
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Cover IMF Research Bulletin
IMF Research Bulletin
ISSN:
1020-8313
Publisher:
International Monetary Fund