Sovereign risk and macroeconomic fluctuations

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Borradores de Economía; No. 225
Date published
2002-12-18
Date of last update
2002-12-18
Author
Hamann-Salcedo, Franz Alonso
Document language
spa
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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
JEL Codes
C32 - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space ModelsE32 - Business Fluctuations; Cycles
Keywords
Macroeconomic ; Fluctuations ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/5243
https://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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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit