Towards a framework for macroeconomic analysis in an emerging market economy

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Borradores de Economía; No. 320
Date published
2004-12-20
Date of last update
2004-12-20
Author
Gómez-Pineda, Javier G.
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
Fear of oating, a policy taht usually intends to stabilize foreign debt, can destabilize it. The conclusion is drawn with a small open economy model thtis based on the nancial accelerator and that is perturbed to analyze a sudden stop to captial ows. T
JEL Codes
E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment SystemsH63 - Debt; Debt Management; Sovereign DebtH62 - Deficit; SurplusG15 - International Financial MarketsF41 - Open Economy MacroeconomicsF30 - International Finance: GeneralE58 - Central Banks and Their Policies
Keywords
Sectorial balance sheets ; Debt sustainability ; Inflation targeting ; Sudden stops ; New open economy models ; Counter-cyclical policies ; Country risk ; Liability dollarization ; Fear of floating ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/5338
https://hdl.handle.net/20.500.12134/5338
https://doi.org/10.32468/be.320
https://ideas.repec.org/p/bdr/borrec/320.html
https://ideas.repec.org/p/col/000094/001915.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