The Initial Impact of the Crisis on Emerging Market Countries

To understand the diverse impact of the crisis across emerging market countries, we explore the role of two shocks—the collapse in trade and the sharp decline in financial flows—in the transmission of the crisis from the advanced economies. We first develop a simple open economy model, which all...

Full description

Bibliographic Details
Main Authors: Blanchard, Olivier Jean, Das, Mitali, Faruqee, Hamid
Other Authors: Massachusetts Institute of Technology. Department of Economics
Format: Article
Language:en_US
Published: Brookings Institution Press 2011
Online Access:http://hdl.handle.net/1721.1/64733
https://orcid.org/0000-0001-8142-5016