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IS-LM-BP in the Pampas Author info | Abstract | Publisher info | Download info | Related research | Statistics Luis Felipe Cespedes
Roberto Chang
Andres Velasco
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Emerging markets (sometimes endowed with fertile pampas) have limited access to world capital markets and suffer from original sin: they cannot borrow in their own currency. Does this mean that monetary and exchange rate policy has non-standard effects in such countries? We develop a simple IS-LM-BP model with balance sheet effects to study that question. Our answer: it all depends.
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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number
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Date of creation: Nov 2002Date of revision:
Handle: RePEc:nbr:nberwo:9337Note: IFMContact details of provider: Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A. Phone: 617-868-3900 Email: Web page: http://www.nber.org More information through EDIRC
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Find related papers by JEL classification: E0 - Macroeconomics and Monetary Economics - - General F0 - International Economics - - General
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Luis Felipe Cespedes & Roberto Chang & Andres Velasco, 2000.
"Balance Sheets and Exchange Rate Policy ,"
NBER Working Papers
7840, National Bureau of Economic Research, Inc.
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NBER Chapters ,
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National Bureau of Economic Research, Inc.
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