Impacts, Transmission and Recovery
Edited by Maurice Obstfeld, Dongchul Cho and Andrew Mason
Chapter 4: International Financial Markets and Transmission of the Crisis: Determinants of Exchange Market Pressure and Absorption by International Reserves
4. International financial markets and transmission of the crisis: determinants of exchange market pressure and absorption by international reserves Joshua Aizenman and Michael M. Hutchison INTRODUCTION This chapter evaluates how the global financ...
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