Sovereign risk and macroeconomic fluctuations

This paper investigates the impact of sovereign risk on the stochastic rational expectations equilibrium of a pure exchange small open economy. International borrowing and lending arise from the interaction between a risk averse sovereign representative a

Detalles Bibliográficos
Autor Principal: Hamann-Salcedo, Franz Alonso
Formato: Documento de trabajo (Working Paper)
Lenguaje:Español (Spanish)
Publicado: Banco de la República 2002
Materias:
Acceso en línea:http://repositorio.banrep.gov.co/handle/20.500.12134/5243