Sovereign risk and macroeconomic fluctuations
Borradores de Economía; No. 225
Date published
2002-12-18Date of last update
2002-12-18Author
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
Abstract
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
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https://repositorio.banrep.gov.co/handle/20.500.12134/5243https://hdl.handle.net/20.500.12134/5243
https://doi.org/10.32468/be.225
https://ideas.repec.org/p/bdr/borrec/225.html
https://ideas.repec.org/p/col/000094/003520.html
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