Banking in small open economies with aggregate liquidity shocks

I extend the traditional Diamond Dybvig framework with aggregate liquidity shocks to small open economies. Currency board may imply perfect risk sharing (with perfect credit markets), contrary to Chang and Velasco's findings (2000). With interim-date borrowing constraints and fixed exchange rat...

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Detalles Bibliográficos
Autor principal: Kawamura, Enrique
Formato: Objeto de conferencia
Lenguaje:Inglés
Publicado: 2002
Materias:
Acceso en línea:http://sedici.unlp.edu.ar/handle/10915/3786
http://www.depeco.econo.unlp.edu.ar/jemi/2002/trabajo6.pdf
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