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