Número:
879
Publicado:
Clasificación JEL:
H23, D62, F34, F41
Palabras clave:
Financial Crisis, Credit Constraint, capital controls, Macroprudential Tax
Lo más reciente
Lukas Delgado-Prieto, Andrea Sofía Otero-Cortés, Andrés Calderón
Julián Andrés Parra-Polanía, Carmiña Ofelia Vargas-Riaño
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