Borradores de Economia
Número:
225
Publicado:
Clasificación JEL:
C32, E32
Palabras clave:
Macroeconomic, Fluctuations

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Francisco Javier Lasso-Valderrama, Mario Andrés Ramos-Veloza
This paper investigates the impact of sovereign risk on the stochastic rational expectations equilibrium of a pure exchange small open economy. International borrowing and lending arise from the interaction between a risk averse sovereign representative a