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

2004-12-20

Authors

Gómez-Pineda, Javier G.

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ISSN

ISBN

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.

The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.

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

Description

JEL Codes

E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems

Temática

Keywords

Keywords

Sectorial balance sheets , Debt sustainability , Inflation targeting , Sudden stops , New open economy models , Counter-cyclical policies , Country risk , Liability dollarization , Fear of floating

Citation

URI

https://repositorio.banrep.gov.co/handle/20.500.12134/5338
 https://hdl.handle.net/20.500.12134/5338
 https://ideas.repec.org/p/bdr/borrec/320.html
 https://doi.org/10.32468/be.320

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Borradores de Economía

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Esta obra está bajo licencia internacional Creative Commons Reconocimiento-NoComercial 4.0.

Este documento ha sido depositado por parte de el(los) autor(es) bajo la siguiente constancia de depósito