You are here

Back to top

Sovereign risk and real business cycles in a small open economy

Sunday, 1 December 2002

This paper investigates the effect of sovereign risk on the stochastic rational expectations equilibrium of a real business cycle small open economy. The market is imperfect because the sovereign cannot commit to repay its outstanding debt and chooses to

Autores

Autores:

Lo más reciente

Cárdenas-Cárdenas Julián Alonso, Edgar Caicedo-García, Eliana Rocío González-Molano
Guío-Martínez Daniela, Juan José Ospina-Tejeiro, German Alberto Muñoz-Bravo, Julián Andrés Parra-Polanía