Macroprudential vs. ex-post policy interventions : when domestic taxes are relevant for international lenders
Borradores de Economía; No. 879
Date published
2015-04-13Date of last update
2015-04-13Document language
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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
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
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https://repositorio.banrep.gov.co/handle/20.500.12134/6168https://hdl.handle.net/20.500.12134/6168
https://doi.org/10.32468/be.879
https://ideas.repec.org/p/bdr/borrec/879.html
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