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
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Formato: | Documento de trabajo (Working Paper) |
Lenguaje: | Español (Spanish) |
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Banco de la República
2002
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Acceso en línea: | http://repositorio.banrep.gov.co/handle/20.500.12134/5244 |