Financial Distortions and the Distribution of Global Volatility

Financial Distortions and the Distribution of Global Volatility

Why are emerging economies excessively vulnerable to shocks to external funding? What was the role of financial flows from emerging to developed economies in setting the stage for the subprime crisis? This paper addresses these questions in a simpl...

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Bibliographic Details
Main Author: Eden, Maya
Format: Policy Research Working Paper
Language:English
Published: 2012
Subjects:
ADVANCED ECONOMIES
ADVERSE EFFECT
AGGREGATE SUPPLY
ASSET MARKETS
AUCTION
AUCTIONS
AVERAGE PRODUCTIVITY
BACKED SECURITIES
BAILOUT
BALANCE SHEET
BALANCE SHEET EFFECTS
BALANCE SHEETS
BANK CREDIT
BANK POLICY
BANKING SYSTEM
BANKS
BENCHMARK
BUSINESS CYCLE
BUSINESS CYCLES
CLOSED ECONOMY
COLLATERAL
COMPARATIVE ADVANTAGE
COMPETITIVE BIDDING
CONSTANT RETURNS TO SCALE
COUNTRY DUMMIES
CREDIT POLICY
DERIVATIVE
DEVELOPING ECONOMIES
DEVELOPMENT POLICY
DIRECT ACCESS
DISTRIBUTION OF INCOME
DOMESTIC LIQUIDITY
DUMMY VARIABLE
DUMMY VARIABLES
ECONOMIC OUTLOOK
EMERGING ECONOMIES
EMERGING ECONOMY
EMERGING MARKET
EMERGING MARKET ASSETS
EMERGING MARKET ECONOMIES
EMERGING MARKETS
EMPLOYMENT
EQUILIBRIUM
EQUITY MARKET
EXTERNAL FUNDING
FEDERAL RESERVE
FINANCIAL CRISES
FINANCIAL DEVELOPMENT
FINANCIAL FLOWS
FINANCIAL FRAGILITY
FINANCIAL INSTITUTIONS
FINANCIAL INTEGRATION
FINANCIAL LIBERALIZATION
FINANCIAL OPENNESS
FINANCIAL SECTOR
FINANCIAL SUPPORT
FINANCIAL SYSTEM
FLOW OF FUNDS
FUTURE RESEARCH
GDP
GDP DEFLATOR
GDP PER CAPITA
GLOBAL DIVERSIFICATION
GLOBALIZATION
GOVERNMENT FUNDING
GOVERNMENT INTERVENTION
GROWTH RATES
HOLDING
HOUSING
HOUSING PRICES
IMPORTANCE OF LIQUIDITY
INEFFICIENCY
INTEREST RATE
INTEREST RATE SHOCKS
INTEREST RATES
INTERNATIONAL BANK
INTERNATIONAL ECONOMICS
INTERNATIONAL TRADE
INVENTORY
LIBERALIZATION
LOCAL BANK
LOCAL BANKS
LOW INTEREST RATE
LOW INTEREST RATES
MACROECONOMIC VOLATILITY
MACROECONOMICS
MARGINAL PRODUCT
MARGINAL PRODUCTIVITY
MARGINAL PRODUCTS
MARKET FLUCTUATIONS
MARKET LIBERALIZATION
MARKET PRICE
MARKET RETURN
MARKET VOLATILITY
MONEY SUPPLY
MORTGAGE
MORTGAGE MARKET
NEGATIVE SHOCKS
OLIGOPOLY
OPEN ECONOMIES
OPEN ECONOMY
OUTPUT
POLITICAL ECONOMY
PRODUCTION FUNCTION
PRODUCTIVITY
RATE OF RETURN
REPAYMENT
RETURNS
RISK AVERSION
RISK SHARING
SALES
SAVINGS
SAVINGS BANK
SCALE EFFECT
SHARE OF INVESTMENT
SUBSTITUTES
SUBSTITUTION
SUPPLY SHOCKS
TOTAL SALES
VOLATILITY
WORKING CAPITAL
WORLD ECONOMY
Online Access:http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20120103114938
http://hdl.handle.net/10986/3215

Internet

http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20120103114938
http://hdl.handle.net/10986/3215

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