Macroprudential vs. ex-post policy interventions : when domestic taxes are relevant for international lenders
We argue that international lenders take into account that taxes (or subsidies) affect borrowers’income available for debt repayments. Using an endowment-economy model, we show that by incorporating this fact into the analysis of …financial crises from th
| Autores Principales: | , |
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| Formato: | Documento de trabajo (Working Paper) |
| Lenguaje: | Español (Spanish) |
| Publicado: |
Banco de la República
2015
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| Materias: | |
| Acceso en línea: | http://repositorio.banrep.gov.co/handle/20.500.12134/6168 |