Capital-Market Imperfections and the Macroeconomic Dynamics of Small Indebted Economies
AbstractThe present study departs from the conventional approach to world capital-market imperfections by relying on the notion of individual risk, rather than country risk. This difference of emphasis has important implications for the specification of intertemporal optimizing models of small indebted economies. In particular, deviations from uncovered interest parity emerge naturally in the present approach.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoPaper provided by International Economics Section, Departement of Economics Princeton University, in its series Princeton Studies in International Economics with number 82.
Length: 64 pages
Date of creation: 1997
Date of revision:
Contact details of provider:
Postal: International Finance Section, Department of Economics Princeton University, Princeton, New Jersey, U.S.A
Phone: (609) 258-4000
Fax: (609) 258-6419
Web page: http://www.econ.princeton.edu/
More information through EDIRC
EXTERNAL FINANCING ; DEBT ; MACROECONOMICS ; FINANCIAL MARKET;
Find related papers by JEL classification:
- F34 - International Economics - - International Finance - - - International Lending and Debt Problems
- F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
- G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Guillermo J. Escudé, 2007.
"Alternative Monetary Regimes in a DSGE Model of a Small Open Economy with Two Sectors and Sticky Prices and Wages,"
Central Bank of Argentina, Economic Research Department, vol. 1(49), pages 65-138, October -.
- Guillermo Escudé, 2006. "Alternative Monetary Regimes in a DSGE Model of a Small Open Economy with Two Sectors and Sticky Prices and Wages," BCRA Working Paper Series 200612, Central Bank of Argentina, Economic Research Department.
- Agenor, Pierre-Richard & Lodovico, Pizzati, 2000.
"Disinflation and the supply side,"
Policy Research Working Paper Series
2304, The World Bank.
- Guillermo Escudé, 2007. "ARGEM: A DSGE Model with Banks and Monetary Policy Regimes with Two Feedback Rules, Calibrated for Argentina," BCRA Working Paper Series 200721, Central Bank of Argentina, Economic Research Department.
- Hung-ju Chen; Hsiao-tang Hsu, 2004. "The Role of Firm Size in Controlling Output Volatility during the Asian Financial Crisis," Econometric Society 2004 North American Summer Meetings 11, Econometric Society.
- Agenor, Pierre-Richard & McDermott, C John & Prasad, Eswar S, 2000.
"Macroeconomic Fluctuations in Developing Countries: Some Stylized Facts,"
World Bank Economic Review,
World Bank Group, vol. 14(2), pages 251-85, May.
- C. John McDermott & Eswar Prasad & Pierre-Richard AgÃ©nor, 1999. "Macroeconomic Fluctuations in Developing Countries - Some Stylized Facts," IMF Working Papers 99/35, International Monetary Fund.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Krichel).
If references are entirely missing, you can add them using this form.