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150128 ||| eng |
| 020 |
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|a 9781451974164
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| 245 |
0 |
0 |
|a IMF Staff papers, Volume 45 No. 2
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 1998
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| 300 |
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|a 204 pages
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| 651 |
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4 |
|a Russian Federation
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| 653 |
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|a Finance, Public
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| 653 |
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|a Minimum wage
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| 653 |
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|a Public-Private Enterprises
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| 653 |
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|a Privatization
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| 653 |
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|a Finance
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| 653 |
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|a Labour
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| 653 |
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|a Public Enterprises
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| 653 |
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|a Public sector
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| 653 |
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|a Wages, Compensation, and Labor Costs: General
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| 653 |
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|a Unemployment: Models, Duration, Incidence, and Job Search
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| 653 |
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|a Unemployment
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| 653 |
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|a Exports and Imports
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| 653 |
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|a Economic sectors
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| 653 |
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|a Minimum wages
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| 653 |
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|a Labor
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| 653 |
|
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|a Foreign Exchange
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| 653 |
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|a Wages, Compensation, and Labor Costs: Public Policy
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| 653 |
|
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|a Banks and Banking
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| 653 |
|
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|a Labor Demand
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| 653 |
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|a Labor market
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| 653 |
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|a Civil service & public sector
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Wages
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| 653 |
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|a Job destruction
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| 653 |
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|a Public Finance
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| 653 |
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|a Income economics
|
| 710 |
2 |
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|a International Monetary Fund
|b Research Dept
|
| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
|
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Staff Papers
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| 028 |
5 |
0 |
|a 10.5089/9781451974164.024
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| 856 |
4 |
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|u https://elibrary.imf.org/view/journals/024/1998/003/024.1998.issue-003-en.xml?cid=30535-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a This paper analyzes contagion and volatility with imperfect credit markets. The paper interprets contagion effects as an increase in the volatility of shocks impinging on the economy. The implications of this approach are analyzed in a model in which domestic banks borrow at a premium on world capital markets, and domestic producers borrow at a premium from domestic banks. Financial spreads depend on a markup that compensates lenders, in particular, for the expected cost of contract enforcement. Higher volatility increases financial spreads and the producers’ cost of capital
|