scholarly journals Business Cycles in Emerging Economies: The Role of Interest Rates

2004 ◽  
Author(s):  
Pablo Neumeyer ◽  
Fabrizio Perri
Keyword(s):  
Business Cycles ◽  
Interest Rates ◽  
Emerging Economies

scholarly journals Interest Rates, Leverage, and Business Cycles in Emerging Economies: The Role of Financial Frictions

2015 ◽  
Vol 7 (3) ◽  
pp. 153-188 ◽  
Author(s):  
Andrés Fernández ◽  
Adam Gulan
Keyword(s):  
Business Cycles ◽  
Interest Rates ◽  
Open Economy ◽  
Emerging Economies ◽  
Financial Frictions ◽  
Small Open Economy ◽  
Financial Data ◽  
Cycle Model ◽  
Business Cycle Model

Countercyclical country interest rates have been shown to be an important characteristic of business cycles in emerging markets. In this paper we provide a microfounded rationale for this pattern by linking interest rate spreads to the dynamics of corporate leverage. For this purpose we embed a financial accelerator into a business cycle model of a small open economy and estimate it on a novel panel dataset for emerging economies that merges macroeconomic and financial data. The model accounts well for the empirically observed countercyclicality of interest rates and leverage, as well as for other stylized facts. (JEL E13, E32, E43, E44, F41, O11)

scholarly journals Business cycles in emerging economies: the role of interest rates

2005 ◽  
Vol 52 (2) ◽  
pp. 345-380 ◽  
Author(s):  
Pablo A. Neumeyer ◽  
Fabrizio Perri
Keyword(s):  
Business Cycles ◽  
Interest Rates ◽  
Emerging Economies

scholarly journals Sudden Stops in Emerging Economies: The Role of World Interest Rates and Foreign Exchange Intervention

2021 ◽  
Vol 2020 (405) ◽  
Author(s):  
J. Scott Davis ◽  
◽  
Michael B. Devereux ◽  
Changhua Yu ◽  
◽  
...  
Keyword(s):  
Interest Rates ◽  
Foreign Exchange ◽  
Emerging Economies ◽  
Sudden Stops ◽  
Foreign Exchange Intervention

scholarly journals Emerging economies business cycles: The role of commodity terms of trade news

2017 ◽  
Vol 108 ◽  
pp. 368-376 ◽  
Author(s):  
Nadav Ben Zeev ◽  
Evi Pappa ◽  
Alejandro Vicondoa
Keyword(s):  
Business Cycles ◽  
Emerging Economies ◽  
Terms Of Trade
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