01663cas a2200253 a 4500 AALejournalIMF006589 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455201419 1018-5941 BD-DhAAL BD-DhAAL Ozkan, F. Gulcin. External Finance, Sudden Stops, and Financial Crisis : What is Different This Time? / F. Gulcin Ozkan, Filiz Unsal. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (34 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper develops a two-country DSGE model to investigate the transmission of a global financial crisis to a small open economy. We find that economies hit by a sudden stop arising from financial distress in the global economy are likely to face a more prolonged crisis than sudden stop episodes of domestic origin. Moreover, in contrast to the existing literature, our results suggest that the greater a country's trade integration with the rest of the world, the greater the response of its macroeconomic aggregates to a sudden stop of capital flows. Mode of access: Internet Unsal, Filiz. IMF Working Papers; Working Paper ; No. 2010/158 Full text available on IMF http://elibrary.imf.org/view/journals/001/2010/158/001.2010.issue-158-en.xml IMF e-Library