Domestic financial frictions and the transmission of foreign shocks in Chile

In the early 90’s a literature emerged emphasizing the role of external factors in explaining business cycle fluctuations in emerging countries. In particular changes in the terms of trade and world interest rates are generally viewed as the main external factors affecting these economies. Additiona...

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Autores principales: García-Cicco, Javier, Kirchner, Markus, Justel V., Santiago
Formato: Artículo
Lenguaje:eng
Publicado: Banco Central de Chile 2019
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Acceso en línea:https://hdl.handle.net/20.500.12580/3816
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spelling oai-20.500.12580-38162021-04-24T11:09:18Z Domestic financial frictions and the transmission of foreign shocks in Chile García-Cicco, Javier Kirchner, Markus Justel V., Santiago CICLOS ECONÓMICOS TASAS DE INTERÉS In the early 90’s a literature emerged emphasizing the role of external factors in explaining business cycle fluctuations in emerging countries. In particular changes in the terms of trade and world interest rates are generally viewed as the main external factors affecting these economies. Additionally part of this literature has also highlighted the role of financial frictions in explaining the propagation of external shocks where these frictions arise in the relationship between foreign lenders and domestic borrowers. 2019-11-01T00:07:05Z 2019-11-01T00:07:05Z 2015 Artículo 978-956-7421-47-3 https://hdl.handle.net/20.500.12580/3816 eng Series on Central Banking Analysis and Economic Policies no. 20 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 159-222 application/pdf Banco Central de Chile
institution Banco Central
collection Banco Central
language eng
topic CICLOS ECONÓMICOS
TASAS DE INTERÉS
spellingShingle CICLOS ECONÓMICOS
TASAS DE INTERÉS
García-Cicco, Javier
Kirchner, Markus
Justel V., Santiago
Domestic financial frictions and the transmission of foreign shocks in Chile
description In the early 90’s a literature emerged emphasizing the role of external factors in explaining business cycle fluctuations in emerging countries. In particular changes in the terms of trade and world interest rates are generally viewed as the main external factors affecting these economies. Additionally part of this literature has also highlighted the role of financial frictions in explaining the propagation of external shocks where these frictions arise in the relationship between foreign lenders and domestic borrowers.
format Artículo
author García-Cicco, Javier
Kirchner, Markus
Justel V., Santiago
author_facet García-Cicco, Javier
Kirchner, Markus
Justel V., Santiago
author_sort García-Cicco, Javier
title Domestic financial frictions and the transmission of foreign shocks in Chile
title_short Domestic financial frictions and the transmission of foreign shocks in Chile
title_full Domestic financial frictions and the transmission of foreign shocks in Chile
title_fullStr Domestic financial frictions and the transmission of foreign shocks in Chile
title_full_unstemmed Domestic financial frictions and the transmission of foreign shocks in Chile
title_sort domestic financial frictions and the transmission of foreign shocks in chile
publisher Banco Central de Chile
publishDate 2019
url https://hdl.handle.net/20.500.12580/3816
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AT kirchnermarkus domesticfinancialfrictionsandthetransmissionofforeignshocksinchile
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