Banking limits on foreign holdings : disentangling the portfolio balance channel
Borradores de Economía; No. 934
Date published
2016-03-22Date of last update
2016-03-22Author
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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
In this paper we analyze the effects of nancial constraints on the exchange rate through the portfolio balance channel. Our contribution is twofold: First, we construct a tractable two-period general equilibrium model in which financial constraints inhi
JEL Codes
F31 - Foreign ExchangeC14 - Semiparametric and Nonparametric Methods: GeneralC21 - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile RegressionsC31 - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction ModelsE58 - Central Banks and Their Policies
Keywords
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/6245https://hdl.handle.net/20.500.12134/6245
https://doi.org/10.32468/be.934
https://ideas.repec.org/p/bdr/borrec/934.html
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