The composition effect of the current account in small open economies

Fil: Aquino, Juan Carlos. Universidad de San Andrés. Departamento de Economía; Argentina.

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Autor principal: Aquino, Juan Carlos
Otros Autores: Kawamura, Enrique
Formato: Tesis Tesis de maestría updatedVersion
Lenguaje:Inglés
Publicado: Universidad de San Andrés. Departamento de Economía 2020
Acceso en línea:http://hdl.handle.net/10908/17061
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Repositorio Digital - Universidad de San Andrés (UdeSa) de Universidad de San Andrés
id I37-R143-10908-17061
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spelling I37-R143-10908-170612025-01-20T15:21:46Z The composition effect of the current account in small open economies Aquino, Juan Carlos Kawamura, Enrique Fil: Aquino, Juan Carlos. Universidad de San Andrés. Departamento de Economía; Argentina. A common problem in international finance consists of the indeterminacy of the equilibrium asset portfolio in small open economy models. This paper develops a simple approach to compute this portfolio under the assumption of incomplete nancial markets. The procedure involves the limiting allocation of a class of two-country world economies where the relative size of one of them tends to zero. Such approach allows to identify the e ect of portfolio decisions on the dynamics of the net foreign asset position of a small open economy in a structural fashion. As an illustration, an approximated closed-form solution is obtained for a highly stylized model that is isomorphic to the class of Dynamic Stochastic General Equilibrium (DSGE) models typically used in the literature. 2020-03-09T17:51:38Z 2020-03-09T17:51:38Z 2019? Tesis info:eu-repo/semantics/masterThesis info:ar-repo/semantics/tesis de maestría info:eu-repo/semantics/updatedVersion Aquino, J. C. (2019). The composition effect of the current account in small open economies. [Tesis de maestría, Universidad de San Andrés. Departamento de Economía]. Repositorio Digital San Andrés. http://hdl.handle.net/10908/17061 http://hdl.handle.net/10908/17061 eng info:eu-repo/semantics/openAccess https://creativecommons.org/licenses/by-nc-nd/4.0/ application/pdf application/pdf Universidad de San Andrés. Departamento de Economía
institution Universidad de San Andrés
institution_str I-37
repository_str R-143
collection Repositorio Digital - Universidad de San Andrés (UdeSa)
language Inglés
description Fil: Aquino, Juan Carlos. Universidad de San Andrés. Departamento de Economía; Argentina.
author2 Kawamura, Enrique
author_facet Kawamura, Enrique
Aquino, Juan Carlos
format Tesis
Tesis de maestría
Tesis de maestría
updatedVersion
author Aquino, Juan Carlos
spellingShingle Aquino, Juan Carlos
The composition effect of the current account in small open economies
author_sort Aquino, Juan Carlos
title The composition effect of the current account in small open economies
title_short The composition effect of the current account in small open economies
title_full The composition effect of the current account in small open economies
title_fullStr The composition effect of the current account in small open economies
title_full_unstemmed The composition effect of the current account in small open economies
title_sort composition effect of the current account in small open economies
publisher Universidad de San Andrés. Departamento de Economía
publishDate 2020
url http://hdl.handle.net/10908/17061
work_keys_str_mv AT aquinojuancarlos thecompositioneffectofthecurrentaccountinsmallopeneconomies
AT aquinojuancarlos compositioneffectofthecurrentaccountinsmallopeneconomies
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