@article{ART001481628,
author={Rilina Basu and Ranjanendra Narayan Nag},
title={Financial Intermediation, Capital Flow and Macro Economy: An Effective Demand Model for an Emerging Market Economy},
journal={Journal of Economic Integration},
issn={1225-651X},
year={2010},
volume={25},
number={3},
pages={571-591}
}

TY - JOUR
AU - Rilina Basu
AU - Ranjanendra Narayan Nag
TI - Financial Intermediation, Capital Flow and Macro Economy: An Effective Demand Model for an Emerging Market Economy
T2 - Journal of Economic Integration
JO - Journal of Economic Integration
PY - 2010
VL - 25
IS - 3
PB - 경제통합연구소
SP - 571
EP - 591
SN - 1225-651X
AB - This paper examines two issues that are central to the macroeconomic implications of large external shock for an emerging market economy. First, the paper examines how capital reversal and credit squeeze can reduce aggregate demand that lead to cascading contraction in employment. Secondly, the paper investigates alternative policy options, when an economy is in the depths of financial crisis. What we chose for analytical purpose is an effective model of Blinder-Bernanke type which is modified in several directions so as to examine how financial shocks produce macroeconomic outcomes in a large class of emerging market economies.
KW - Effective Demand, Financial Liberalization, Sudden Stops In Capital Flow, Credit Crunch
DO -
UR -
ER -

Rilina Basu and Ranjanendra Narayan Nag. 2010, "Financial Intermediation, Capital Flow and Macro Economy: An Effective Demand Model for an Emerging Market Economy", Journal of Economic Integration, vol.25, no.3 pp.571-591.

Rilina Basu, Ranjanendra Narayan Nag "Financial Intermediation, Capital Flow and Macro Economy: An Effective Demand Model for an Emerging Market Economy" Journal of Economic Integration 25.3 pp.571-591 (2010) : 571.

Rilina Basu, Ranjanendra Narayan Nag. Financial Intermediation, Capital Flow and Macro Economy: An Effective Demand Model for an Emerging Market Economy. 2010; 25(3), 571-591.

Rilina Basu and Ranjanendra Narayan Nag. "Financial Intermediation, Capital Flow and Macro Economy: An Effective Demand Model for an Emerging Market Economy" Journal of Economic Integration 25, no.3 (2010) : 571-591.

Rilina Basu; Ranjanendra Narayan Nag. Financial Intermediation, Capital Flow and Macro Economy: An Effective Demand Model for an Emerging Market Economy. Journal of Economic Integration, 25(3), 571-591.

Rilina Basu; Ranjanendra Narayan Nag. Financial Intermediation, Capital Flow and Macro Economy: An Effective Demand Model for an Emerging Market Economy. Journal of Economic Integration. 2010; 25(3) 571-591.

Rilina Basu, Ranjanendra Narayan Nag. Financial Intermediation, Capital Flow and Macro Economy: An Effective Demand Model for an Emerging Market Economy. 2010; 25(3), 571-591.

Rilina Basu and Ranjanendra Narayan Nag. "Financial Intermediation, Capital Flow and Macro Economy: An Effective Demand Model for an Emerging Market Economy" Journal of Economic Integration 25, no.3 (2010) : 571-591.