Sovereign risk and real business cycles in a small open economy

This paper investigates the effect of sovereign risk on the stochastic rational expectations equilibrium of a real business cycle small open economy. The market is imperfect because the sovereign cannot commit to repay its outstanding debt and chooses to

Detalles Bibliográficos
Autor Principal: Hamann-Salcedo, Franz Alonso
Formato: Documento de trabajo (Working Paper)
Lenguaje:Español (Spanish)
Publicado: Banco de la República 2002
Acceso en línea: