01664cas a2200265 a 4500 AALejournalIMF013573 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484354605 1018-5941 BD-DhAAL BD-DhAAL Bhattacharya, Rudrani. Emerging Economy Business Cycles : Financial Integration and Terms of Trade Shocks / Rudrani Bhattacharya, Ila Patnaik, Madhavi Pundit. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (26 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 analyses the extent to which financial integration impacts the manner in which terms of trade affect business cycles in emerging economies. Using a s mall open economy model, we show that as capital account openness increases in an economy that faces trade shocks, business cycle volatility reduces. For an economy with limited financial openness, and a relatively open trade account, a model with exogenous terms of trade shocks is able to replicate the features of the business cycle. Mode of access: Internet Patnaik, Ila. Pundit, Madhavi. IMF Working Papers; Working Paper ; No. 2013/119 Full text available on IMF http://elibrary.imf.org/view/journals/001/2013/119/001.2013.issue-119-en.xml IMF e-Library